54057 Terrace LnSouth 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 54057 Terrace Ln, South Bend, IN, 46635 uses $65,969 cash to close to unlock $4,409/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $1,562/mo, and a $974/mo payment keeps the spread at $367/mo. Purchase price stands at $199,000, and rental yield measures 9.42% with $1,562/mo rent. Return on cash invested shows 26.59% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 138.48% and total cumulative return in cash records $91,350. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,562/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1949
10,018 sqft 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: Chad Stamm • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202537823