705 S Ironwood DrSouth 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
Rental property for sale in South Bend at 705 S Ironwood Dr, South Bend, IN, 46615 generates $1,716/mo in rent and, after a $724/mo payment, leaves $794/mo in cash flow. Total monthly income is $1,716/mo, and annual cash flow is $9,530/yr on $49,029 invested. Return on cash invested sits at 39.35% in year one, and rental yield is 13.92% on a $147,900 entry. Equity gained on principal adds $954/yr, while 5% annual appreciation builds toward $40,862 over five years. Five-year ROI reaches 207.22% and total cumulative return in cash sums $101,599. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,716/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Abigail A Joiner • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512116
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.