709-711 Napier StSouth BendIN46601
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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 709-711 Napier St, South Bend, IN, 46601 uses $66,267 cash to close to unlock $6,797/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $1,766/mo, and a $978/mo payment keeps the spread at $566/mo. Purchase price stands at $199,900, and rental yield measures 10.6% with $1,766/mo rent. Return on cash invested shows 30.17% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 157.65% and total cumulative return in cash records $104,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,766/mo property income covering a $978/mo payment rather than investor’s personal income.
Multi Family
Built in 1904
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46601, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 518 (17.7%) |
| Renter Occupied HU | 1,844 (63.0%) |
| Vacant Housing Units | 564 (19.3%) |
| Median Home Value | $156,964 |
| Average Home Value | $180,471 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
1,533
Multi-Family
895
Businesses
597
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Listed by: Brenda S Alvarez • Legacy Real Estate Brokers
Mls Name: IRMLS
Mls ID: #202538190