51550 Durango CtSouth BendIN46628
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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
Investment property for sale in South Bend at 51550 Durango Ct, South Bend, IN, 46628 offers a 9.24% rental yield on a $331,000 purchase with $2,549/mo rent. Total monthly income registers $2,549/mo, and a $1,620/mo payment leaves $562/mo available for distribution. Annual cash flow reaches $6,746/yr on $109,727 to close, and return on cash invested stands at 26.06% in year one. Equity gained on principal adds $2,136/yr while 5% annual appreciation supports $91,449 over five years. Portfolio math shows five-year ROI at 135.6% and total cumulative return in cash at $148,789. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,549/mo property income against a $1,620/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Chelsea Revella • McKinnies Realty, LLC Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521775
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