6507 Redenbacher Ct, South Bend, IN, 46614 | 4.84% Rental Yield

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 $1,492/mo payment. Purchase price stands at $304,900, and rental yield measures 4.84% with $1,230/mo rent. Return on cash invested shows 12.79% in year one, and 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 64.45% and total cumulative return in cash records $65,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,230/mo property income covering a $1,492/mo payment rather than investor’s personal income.

Condo

Built in 2004

9,443 sqft 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