59249 High Pointe DrSouth BendIN46614
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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
Rental property for sale in South Bend at 59249 High Pointe Dr, South Bend, IN, 46614 generates $3,408/mo in rent and, after a $2,422/mo payment, leaves $427/mo in cash flow. Total monthly income is $3,408/mo, and annual cash flow is $5,125/yr on $164,059 invested. Return on cash invested sits at 23.03% in year one, and rental yield is 8.26% on a $494,900 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,732 over five years. Five-year ROI reaches 119.4% and total cumulative return in cash sums $195,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,408/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.54 Acres lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,675 (100%) |
| Owner Occupied HU | 9,722 (71.1%) |
| Renter Occupied HU | 3,210 (23.5%) |
| Vacant Housing Units | 743 ( 5.4%) |
| Median Home Value | $219,724 |
| Average Home Value | $250,540 |
Housing Distribution
Address Breakdown
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
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Listed by: Michele C Burkheimer • Century 21 Circle
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524315
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.