802 N Olive St, South Bend, IN, 46628 | $163/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in South Bend at 802 N Olive St, South Bend, IN, 46628 offers $1,423/mo rent that, after a $1,027/mo payment, leaves $163/mo cash flow. Total monthly income is $1,423/mo, and annual cash flow is $1,960/yr on $69,582 cash. Return on cash invested measures 22.73% in year one, and rental yield stands at 8.14% at a $209,900 entry. Equity gained on principal adds $1,354/yr while 5% annual appreciation compounds into $57,992 by year five. Five-year ROI records 117.75% and total cumulative return in cash reaches $81,932. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,423/mo property income versus a $1,027/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1922

5,227 sqft lot

$N/A/sqft

No HOA