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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Logansport at 1001 23rd St, Logansport, IN, 46947 generates $1,532/mo in rent and, after a $1,101/mo payment, leaves $182/mo in cash flow. Total monthly income is $1,532/mo, and annual cash flow is $2,181/yr on $74,554 invested. Return on cash invested sits at 22.83% in year one, and rental yield is 8.17% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 118.3% and total cumulative return in cash sums $88,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,532/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46947, Logansport, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,221 (100%) |
| Owner Occupied HU | 7,740 (63.3%) |
| Renter Occupied HU | 3,344 (27.4%) |
| Vacant Housing Units | 1,137 ( 9.3%) |
| Median Home Value | $138,268 |
| Average Home Value | $164,868 |
Residential
11,475
Single Family
10,917
Multi-Family
558
Businesses
890
Date | Event | Price |
|---|---|---|
| 2024-10-31 | Sold | $224,900 |
| 2024-09-03 | Listed for sale | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1145.00 | 9.69% | $93,400 | 9.50% |
| 2023-11-02 | $1043.84 | 7.28% | $85,300 | 6.76% |
| 2022-11-02 | $973.00 | 6.34% | $79,900 | 13.33% |
Listed by: Cindy Heinzman • Modern Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432875
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
