715 W Washington 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
Rental property for sale in South Bend at 715 W Washington St, South Bend, IN, 46601 priced at $1,000,500 converts $3,357/mo rent into after a $4,897/mo obligation. Total monthly income equals $3,357/mo. Return on cash invested prints 10.56% in year one, and rental yield reads 4.03% against a $1,000,500 entry. Equity gained on principal adds $6,456/yr, while 5% annual appreciation compiles into $276,420 by year five. Five-year ROI reaches 52.39% and total cumulative return in cash sums $169,828. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,357/mo property income covering a $4,897/mo payment, not borrower’s personal income.
Single Family
Built in 1906
0.40 Acres 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: Stephen Bizzaro • Howard Hanna SB Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521800
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.