52244 Lily 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 52244 Lily Rd, South Bend, IN, 46637 uses $66,300 cash to close to unlock $8,272/yr annual cash flow and $689/mo monthly cash flow. Total monthly income runs $1,890/mo, and a $979/mo payment keeps the spread at $689/mo. Purchase price stands at $200,000, and rental yield measures 11.34% with $1,890/mo rent. Return on cash invested shows 32.39% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 169.55% and total cumulative return in cash records $112,412. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,454 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
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Listed by: Franz D Gonzalez • RE/MAX Results
Mls Name: IRMLS
Mls ID: #202532337