518 S Ironwood DrSouth BendIN46615
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 518 S Ironwood Dr, South Bend, IN, 46615 in South Bend speaks for itself: 19.19% gross on a $135,400 price, generating $2,165/mo in rent and $1,307/mo in net income after the $609/mo debt service. DSCR 3.56, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $15,678 stacks alongside $37,409 in projected five-year appreciation and $1,247/yr in principal reduction. Projected total cumulative return: $135,530.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.2% | 5.8% |
| Monthly Cash Flow | $1,307 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,165 |
| Total Monthly Debt Service | $804 |
| DSCR Ratio | 2.69x |
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 1922
4,356 sqft lot
$N/A/sqft
No 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 1922
4,356 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A