714 N Ironwood DrSouth BendIN46615
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 714 N Ironwood Dr, South Bend, IN, 46615 in South Bend: $3,118/mo in rent, $1,125/mo net, 11.27% gross yield, all on a $332,000 acquisition. The 2.09 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $91,725 in value, and $3,058/yr in principal paydown steadily builds equity. Projected total cumulative return: $198,060.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 5.8% |
| Monthly Cash Flow | $1,125 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,118 |
| Total Monthly Debt Service | $1,861 |
| DSCR Ratio | 1.68x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kent D Guy • Weichert Rltrs-J.Dunfee&Assoc.
Mls Name: IRMLS
Mls ID: #202537850