52078 Contour PlSouth 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 52078 Contour Pl, South Bend, IN, 46637 earns $68/mo cash flow from $1,739/mo rent with a $1,199/mo payment. Total monthly income totals $1,739/mo, and annual cash flow totals $822/yr on $81,218 capital. ROI tracks 20.92% on current figures, and rental yield reads 8.52% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 109.13% and total cumulative return in cash sums $88,632. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,739/mo property income instead of your personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
$200 monthly 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: Kathy McMillan • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516701
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.