634 S 31st 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 634 S 31st St, South Bend, IN, 46615 uses $49,692 cash to close to unlock $5,446/yr annual cash flow and $454/mo monthly cash flow. Total monthly income runs $1,354/mo, and a $734/mo payment keeps the spread at $454/mo. Purchase price stands at $149,900, and rental yield measures 10.84% with $1,354/mo rent. Return on cash invested shows 30.87% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 161.36% and total cumulative return in cash records $80,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,354/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1925
5,227 sqft lot
$N/A/sqft
No HOA
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Listed by: Lisa L Smessaert • RE/MAX 100
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510154
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.