515 S Logan StSouth BendIN46615
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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
Investment Highlights
Rental property for sale in South Bend at 515 S Logan St, South Bend, IN, 46615 priced at $115,000 converts $891/mo rent into $138/mo cash flow after a $563/mo obligation. Total monthly income equals $891/mo, and annual cash flow totals $1,661/yr on $38,123 invested. Return on cash invested prints 24.27% in year one, and rental yield reads 9.3% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 126.72% and total cumulative return in cash sums $48,309. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $891/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: Valerie Swihart • Pyramid Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533480
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.