714 N Ironwood Dr,South Bend,IN,46615

Investment Highlights

Rental property for sale in South Bend at 714 N Ironwood Dr, South Bend, IN, 46615 priced at $332,000 pairs $3,118/mo rent with $1,125/mo cash flow after a $1,625/mo payment. Total monthly income equals $3,118/mo, and annual cash flow comes to $13,500/yr on $110,058 invested. Return on cash invested is 32.18% in year one, and rental yield stands at 11.27% on a $332,000 basis. Equity gained on principal adds $2,142/yr, and 5% annual appreciation accumulates to $91,725 by year five. Five-year ROI measures 168.42% and total cumulative return in cash reaches $185,355. For financing, Ziffy Mortgage’s DSCR program evaluates $3,118/mo property income against a $1,625/mo payment instead of your W2s, 1099s, or Tax returns.