946 S 23rd St, South Bend, IN, 46615 | $453/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

Investment property for sale in South Bend at 946 S 23rd St, South Bend, IN, 46615 offers a 9.94% rental yield on a $199,000 purchase with $1,648/mo rent. Total monthly income registers $1,648/mo, and a $974/mo payment leaves $453/mo available for distribution. Annual cash flow reaches $5,441/yr on $65,969 to close, and return on cash invested stands at 28.16% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 146.86% and total cumulative return in cash at $96,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,648/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1902

0.25 Acres lot

$N/A/sqft

No HOA