621 S 24th StSouth BendIN46615
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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 621 S 24th St, South Bend, IN, 46615 listed at $194,900 pairs $1,494/mo rent with a $954/mo payment to leave $324/mo cash flow. Total monthly income runs $1,494/mo, and annual cash flow reaches $3,888/yr on $64,609 cash to close. Return on cash invested measures 25.93% in year one, and rental yield registers 9.2% at a $194,900 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,847 by year five. Five-year ROI tracks 134.83% and total cumulative return in cash totals $87,111. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,494/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1921
5,227 sqft lot
$N/A/sqft
No HOA
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Listed by: Jen Arizmendi • Addresses Unlimited, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509387
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.