525 Edgewater DrSouth BendIN46601
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 525 Edgewater Dr, South Bend, IN, 46601 at $324,900 posts ROI 22.57% with $239/mo cash flow from $2,189/mo rent. Total monthly income equals $2,189/mo, and annual cash flow records $2,867/yr on $107,704 to close. Return on cash invested measures 22.57% and rental yield reads 8.08% at the current $324,900. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,764 by year five. Five-year ROI prints 116.87% and total cumulative return in cash totals $125,873.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,189/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1922
4,660 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46601, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 518 (17.7%) |
| Renter Occupied HU | 1,844 (63.0%) |
| Vacant Housing Units | 564 (19.3%) |
| Median Home Value | $156,964 |
| Average Home Value | $180,471 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
1,533
Multi-Family
895
Businesses
597
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Nearby investment properties with comparable prices
Listed by: Matt R Curry • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls ID: #202539425