6507 Redenbacher Ct, South Bend, IN, 46614 | 4.76% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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6507 Redenbacher Ct, South Bend, IN, 46614 | 4.76% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,230/mo, and a $1,517/mo payment. Purchase price stands at $309,900, and rental yield measures 4.76% with $1,230/mo rent. Return on cash invested shows 12.54% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 63.12% and total cumulative return in cash records $64,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,230/mo property income covering a $1,517/mo payment rather than investor’s personal income.

Condo

Built in 2004

9,443 sqft lot

$N/A/sqft

No HOA

More details about the property

3 bedroom, 2 bath ranch in popular Lafayette Falls with open floor plan, main floor laundry and ramp from garage into house. Open living / dining area has a living room with ceiling fan and huge windows that flood the house with natural light, an island kitchen with abundant cabinetry, pantry, barstool seating and dining area. Large primary suite with three windows, walk-in closet and en-suite bath. Two additional bedrooms and shared second full bath. Full basement with ~500 sq ft finished room (no finished ceiling), workshop / flex room and ample storage. Full width front porch, cement patio in the back yard, landscaping and attached 2-car garage, full cement driveway with additional parking pad that doesnt block the garage. Brand new roof (July 2025). Set on a low traffic street neighborhood street with sidewalks yet convenient to highways and south side amenities.

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