Armstrong Dr #8JLTE2South BendIN46614
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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 Armstrong Dr #8JLTE2, South Bend, IN, 46614 with 5% annual appreciation on a $441,700 basis while $3,685/mo rent supports operations. Total monthly income totals $3,685/mo and a $2,162/mo payment preserves $1,033/mo for cash returns. Annual cash flow comes to $12,401/yr on $146,424 deployed, and return on cash invested reaches 28.38% in year one. Equity gained on principal adds $2,850/yr, and five-year appreciation sums $122,034 alongside rental yield of 10.01%. Five-year ROI measures 148.03% and total cumulative return in cash totals $216,748.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,685/mo property income versus a $2,162/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,675 (100%) |
| Owner Occupied HU | 9,722 (71.1%) |
| Renter Occupied HU | 3,210 (23.5%) |
| Vacant Housing Units | 743 ( 5.4%) |
| Median Home Value | $219,724 |
| Average Home Value | $250,540 |
Housing Distribution
Address Breakdown
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
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Nearby investment properties with comparable prices
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