56827 Pine RdSouth 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 56827 Pine Rd, South Bend, IN, 46619 uses $71,040 cash to close to unlock $7,889/yr annual cash flow and $657/mo monthly cash flow. Total monthly income runs $2,087/mo, and a $1,049/mo payment keeps the spread at $657/mo. Purchase price stands at $214,300, and rental yield measures 11.69% with $2,087/mo rent. Return on cash invested shows 31.01% in year one, and 5% annual appreciation builds toward $59,207 over five years. Five-year ROI reaches 163.07% and total cumulative return in cash records $115,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,087/mo property income covering a $1,049/mo payment rather than investor’s personal income.
Single Family
Built in 1940
2 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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