51824 Wembley DrSouth BendIN46637
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
Investment Highlights
Investment property for sale in South Bend at 51824 Wembley Dr, South Bend, IN, 46637 offers a 8.33% rental yield on a $279,500 purchase with $1,941/mo rent. Total monthly income registers $1,941/mo, and a $1,368/mo payment leaves $263/mo available for distribution. Annual cash flow reaches $3,159/yr on $92,654 to close, and return on cash invested stands at 23.32% in year one. Equity gained on principal adds $1,804/yr while 5% annual appreciation supports $77,221 over five years. Portfolio math shows five-year ROI at 120.91% and total cumulative return in cash at $112,028. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,941/mo property income against a $1,368/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2003
7,975 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna K Rowe • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202544537