552 Manchester DrSouth BendIN46615
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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 552 Manchester Dr, South Bend, IN, 46615 with 5% annual appreciation on a $203,000 basis while $1,903/mo rent supports operations. Total monthly income totals $1,903/mo and a $994/mo payment preserves $684/mo for cash returns. Annual cash flow comes to $8,208/yr on $67,295 deployed, and return on cash invested reaches 32.11% in year one. Equity gained on principal adds $1,310/yr, and five-year appreciation sums $56,085 alongside rental yield of 11.25%. Five-year ROI measures 168.11% and total cumulative return in cash totals $113,126.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,903/mo property income versus a $994/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
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Listed by: Marsha Lambright • RE/MAX 100
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521795
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