61465 Elderberry LnSouth 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
Investment property for sale in South Bend at 61465 Elderberry Ln, South Bend, IN, 46614 listed at $285,000 pairs $2,778/mo rent with a $1,395/mo payment to leave $1,067/mo cash flow. Total monthly income runs $2,778/mo, and annual cash flow reaches $12,805/yr on $94,478 cash to close. Return on cash invested measures 33.46% in year one, and rental yield registers 11.7% at a $285,000 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,740 by year five. Five-year ROI tracks 175.32% and total cumulative return in cash totals $165,642. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,778/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.42 Acres lot
$N/A/sqft
No 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: Maria Lisenko • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls ID: #202528415