736 Lawndale AveSouth BendIN46628
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow736 Lawndale Ave, South Bend, IN, 46628 in South Bend earns its strong cash-flow label: 13.43% yield, $1,231/mo rent, $571/mo net income, DSCR 2.49. The $110,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $30,391 by year five. Combined with $1,013/yr in principal paydown, total projected return reaches $78,385.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.4% | 5.8% |
| Monthly Cash Flow | $571 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,231 |
| Total Monthly Debt Service | $617 |
| DSCR Ratio | 2.00x |
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.
Multi Family
Built in 1902
6,534 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
Multi Family
Built in 1902
6,534 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda S Smith • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls ID: #202602804