625 Riverside DrSouth BendIN46601
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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 625 Riverside Dr, South Bend, IN, 46601 generates $2,191/mo in rent, after a $1,788/mo payment. Total monthly income is $2,191/mo. Return on cash invested sits at 19.88% in year one, and rental yield is 7.2% on a $365,300 entry. Equity gained on principal adds $2,357/yr, while 5% annual appreciation builds toward $100,926 over five years. Five-year ROI reaches 102.48% and total cumulative return in cash sums $124,097. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,191/mo property income rather than buyer’s personal income.
Single Family
Built in 1904
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46601, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 518 (17.7%) |
| Renter Occupied HU | 1,844 (63.0%) |
| Vacant Housing Units | 564 (19.3%) |
| Median Home Value | $156,964 |
| Average Home Value | $180,471 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
1,533
Multi-Family
895
Businesses
597
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