50834 Persimmon CtSouth BendIN46628
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 50834 Persimmon Ct, South Bend, IN, 46628 in South Bend deserves attention. This $420,000 property earns $3,784/mo in rent, a 10.81% gross yield, and nets $1,231/mo after the $1,889/mo payment. DSCR 2.00 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $116,038 compounds alongside $3,868/yr in yearly equity build, for a total cumulative return of $238,309.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 5.8% |
| Monthly Cash Flow | $1,231 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,784 |
| Total Monthly Debt Service | $2,385 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2001
0.62 Acres lot
$N/A/sqft
$70 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 2001
0.62 Acres lot
$N/A/sqft
$70 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerrie Drury • RE/MAX 100
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518159
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.