53230 Oakton 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
Rental property for sale in South Bend at 53230 Oakton Dr, South Bend, IN, 46635 generates $3,120/mo in rent and, after a $1,322/mo payment, leaves $1,499/mo in cash flow. Total monthly income is $3,120/mo, and annual cash flow is $17,985/yr on $89,505 invested. Return on cash invested sits at 40% in year one, and rental yield is 13.87% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 210.34% and total cumulative return in cash sums $188,269. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
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: Steve Weldy • Weichert Rltrs-J.Dunfee&Assoc.
Mls Name: IRMLS
Mls ID: #202537805