53221 Berwick DrSouth BendIN46635
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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 53221 Berwick Dr, South Bend, IN, 46635 offers a 8.33% rental yield on a $319,900 purchase with $2,221/mo rent. Total monthly income registers $2,221/mo, and a $1,566/mo payment leaves $300/mo available for distribution. Annual cash flow reaches $3,605/yr on $106,047 to close, and return on cash invested stands at 23.31% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 120.85% and total cumulative return in cash at $128,156. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,221/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46635, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 1,964 (68.7%) |
| Renter Occupied HU | 638 (22.3%) |
| Vacant Housing Units | 255 ( 8.9%) |
| Median Home Value | $205,948 |
| Average Home Value | $223,093 |
Housing Distribution
Address Breakdown
Residential
2,619
Single Family
2,530
Multi-Family
89
Businesses
188
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Listed by: Bill McCarthy • RE/MAX 100
Mls Name: IRMLS
Mls ID: #202549802