809 S 36th StSouth BendIN46615
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 809 S 36th St, South Bend, IN, 46615 in South Bend speaks for itself: 13.2% gross on a $153,000 price, generating $1,682/mo in rent and $609/mo in net income after the $688/mo debt service. DSCR 2.44, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,306 stacks alongside $42,271 in projected five-year appreciation and $1,409/yr in principal reduction. Projected total cumulative return: $97,761.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.2% | 5.8% |
| Monthly Cash Flow | $609 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,682 |
| Total Monthly Debt Service | $1,013 |
| DSCR Ratio | 1.66x |
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.
Single Family
Built in 1900
6,098 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
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.