Armstrong Dr #TBYGC1South BendIN46614
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
Investment Highlights
Rental property for sale in South Bend at Armstrong Dr #TBYGC1, South Bend, IN, 46614 priced at $418,900 converts $3,486/mo rent into $972/mo cash flow after a $2,050/mo obligation. Total monthly income equals $3,486/mo, and annual cash flow totals $11,661/yr on $138,865 invested. Return on cash invested prints 28.31% in year one, and rental yield reads 9.99% against a $418,900 entry. Equity gained on principal adds $2,703/yr, while 5% annual appreciation compiles into $115,734 by year five. Five-year ROI reaches 147.62% and total cumulative return in cash sums $204,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,486/mo property income covering a $2,050/mo payment, not borrower’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A