The Gipper 1600 Plan, Royal Oak EstatesSouth 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
Rental property for sale in South Bend at The Gipper 1600 Plan, Royal Oak Estates, South Bend, IN, 46614 priced at $424,900 converts $2,675/mo rent into $124/mo cash flow after a $2,080/mo obligation. Total monthly income equals $2,675/mo, and annual cash flow totals $1,489/yr on $140,854 invested. Return on cash invested prints 20.97% in year one, and rental yield reads 7.55% against a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,392 by year five. Five-year ROI reaches 108.31% and total cumulative return in cash sums $152,553. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,675/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2025
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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Listed by: N/A • Irish Custom Homes
Mls Name: Irish Custom Homes
Mls Provider:
Mls ID: #N/A