64350 Oak RdSouth 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
Rental property for sale in South Bend at 64350 Oak Rd, South Bend, IN, 46614 generates $3,264/mo in rent, after a $2,937/mo payment. Total monthly income is $3,264/mo. Return on cash invested sits at 18.01% in year one, and rental yield is 6.53% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 92.35% and total cumulative return in cash sums $182,292. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,264/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
31.91 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: Rodger Pendl • eXp Realty, LLC
Mls Name: IRMLS
Mls ID: #202544635