6241 Exeter CtSouth BendIN46614
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
Rental property for sale in South Bend at 6241 Exeter Ct, South Bend, IN, 46614 priced at $279,900 converts $2,396/mo rent into $707/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,396/mo, and annual cash flow totals $8,483/yr on $92,787 invested. Return on cash invested prints 29.05% in year one, and rental yield reads 10.27% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 151.65% and total cumulative return in cash sums $140,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,396/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.38 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: Jacob A Day • Keller Williams Realty SWM
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440445
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.