809 S 36th StSouth BendIN46615
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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
Investment property for sale in South Bend at 809 S 36th St, South Bend, IN, 46615 offers a 13.19% rental yield on a $153,000 purchase with $1,682/mo rent. Total monthly income registers $1,682/mo, and a $749/mo payment leaves $608/mo available for distribution. Annual cash flow reaches $7,299/yr on $50,720 to close, and return on cash invested stands at 34.3% in year one. Equity gained on principal adds $987/yr while 5% annual appreciation supports $42,271 over five years. Portfolio math shows five-year ROI at 181.18% and total cumulative return in cash at $91,896. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,682/mo property income against a $749/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: Kerrie Drury • RE/MAX 100
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533766
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.