55629 Cardinal DrSouth 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 55629 Cardinal Dr, South Bend, IN, 46619 uses $202,335 cash to close to unlock $9,412/yr annual cash flow and $784/mo monthly cash flow. Total monthly income runs $4,476/mo, and a $3,010/mo payment keeps the spread at $784/mo. Purchase price stands at $615,000, and rental yield measures 8.73% with $4,476/mo rent. Return on cash invested shows 24.71% in year one, and 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 128.33% and total cumulative return in cash records $259,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,476/mo property income covering a $3,010/mo payment rather than investor’s personal income.
Single Family
Built in 2023
1.14 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: Matt Dorsch • Trueblood Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533827
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.