51628 Old Mill RdSouth BendIN46637
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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 51628 Old Mill Rd, South Bend, IN, 46637 listed at $300,000 pairs $2,167/mo rent with a $1,468/mo payment to leave $367/mo cash flow. Total monthly income runs $2,167/mo, and annual cash flow reaches $4,398/yr on $99,450 cash to close. Return on cash invested measures 24.33% in year one, and rental yield registers 8.67% at a $300,000 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 126.33% and total cumulative return in cash totals $125,640. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,167/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46637, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,941 (100%) |
| Owner Occupied HU | 4,678 (52.3%) |
| Renter Occupied HU | 2,790 (31.2%) |
| Vacant Housing Units | 1,473 (16.5%) |
| Median Home Value | $215,397 |
| Average Home Value | $250,256 |
Housing Distribution
Address Breakdown
Residential
7,618
Single Family
6,490
Multi-Family
1,128
Businesses
323
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Listed by: Patricia A Dole • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513520
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.