931 Emerson AveSouth BendIN46615
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew South Bend rentals match the income profile of 931 Emerson Ave, South Bend, IN, 46615. Listed at $109,000, gross rent is $1,265/mo and net cash flow is $611/mo, a 13.93% yield well above national averages. DSCR 2.58 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $30,115 by year five with $1,004/yr in annual principal reduction, projecting $80,601 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.9% | 5.8% |
| Monthly Cash Flow | $611 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,265 |
| Total Monthly Debt Service | $611 |
| DSCR Ratio | 2.07x |
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 1922
4,791 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 1922
4,791 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie K Vest • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls ID: #202530248