55628 Chickadee CtSouth BendIN46619
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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 55628 Chickadee Ct, South Bend, IN, 46619 offers a 10.56% rental yield on a $329,500 purchase with $2,899/mo rent. Total monthly income registers $2,899/mo, and a $1,613/mo payment leaves $921/mo available for distribution. Annual cash flow reaches $11,050/yr on $109,229 to close, and return on cash invested stands at 30.03% in year one. Equity gained on principal adds $2,126/yr while 5% annual appreciation supports $91,035 over five years. Portfolio math shows five-year ROI at 156.83% and total cumulative return in cash at $171,310. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,899/mo property income against a $1,613/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46619, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,203 (100%) |
| Owner Occupied HU | 5,324 (64.9%) |
| Renter Occupied HU | 2,198 (26.8%) |
| Vacant Housing Units | 681 ( 8.3%) |
| Median Home Value | $137,308 |
| Average Home Value | $175,526 |
Housing Distribution
Address Breakdown
Residential
7,796
Single Family
7,461
Multi-Family
335
Businesses
526
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Listed by: Lisa Schrock • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls ID: #202531829