726 Turnock StSouth BendIN46617
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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 726 Turnock St, South Bend, IN, 46617 priced at $175,000 converts $1,326/mo rent into $275/mo cash flow after a $857/mo obligation. Total monthly income equals $1,326/mo, and annual cash flow totals $3,300/yr on $58,013 invested. Return on cash invested prints 25.6% in year one, and rental yield reads 9.09% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 133.18% and total cumulative return in cash sums $77,263. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,326/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 2025
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46617, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,952 (100%) |
| Owner Occupied HU | 2,445 (41.1%) |
| Renter Occupied HU | 2,305 (38.7%) |
| Vacant Housing Units | 1,202 (20.2%) |
| Median Home Value | $267,663 |
| Average Home Value | $323,517 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
3,675
Multi-Family
1,129
Businesses
341
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Listed by: Bruce L Gordon • Hallmark Real Estate, Inc.
Mls Name: IRMLS
Mls ID: #202548991