56339 Strasser LnSouth 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 56339 Strasser Ln, South Bend, IN, 46619 uses $94,478 cash to close to unlock $9,253/yr annual cash flow and $771/mo monthly cash flow. Total monthly income runs $2,482/mo, and a $1,395/mo payment keeps the spread at $771/mo. Purchase price stands at $285,000, and rental yield measures 10.45% with $2,482/mo rent. Return on cash invested shows 29.7% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 155.17% and total cumulative return in cash records $146,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,482/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 2010
0.38 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: John L Reagan • Blackrock Real Estate Services
Mls Name: IRMLS
Mls ID: #202545395