56872 Butternut RdSouth BendIN46619
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 56872 Butternut Rd, South Bend, IN, 46619 listed at $190,000 pairs $1,884/mo rent with a $930/mo payment to leave $743/mo cash flow. Total monthly income runs $1,884/mo, and annual cash flow reaches $8,921/yr on $62,985 cash to close. Return on cash invested measures 34.07% in year one, and rental yield registers 11.9% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 178.6% and total cumulative return in cash totals $112,488. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,884/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.57 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Kerrn • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202544691
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.