6468 Morton CtSouth 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
Investment property for sale in South Bend at 6468 Morton Ct, South Bend, IN, 46614 uses $107,738 cash to close to unlock $8,745/yr annual cash flow and $729/mo monthly cash flow. Total monthly income runs $2,915/mo, and a $1,591/mo payment keeps the spread at $729/mo. Purchase price stands at $325,000, and rental yield measures 10.76% with $2,915/mo rent. Return on cash invested shows 28.03% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 147.08% and total cumulative return in cash records $158,461. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,915/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 2006
8,712 sqft lot
$N/A/sqft
$235 monthly 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: Michele Mathewson • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438397
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.