102 Eastgate Ave, Loogootee, IN, 47553 | $128/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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102 Eastgate Ave, Loogootee, IN, 47553 | $128/mo Cash Flow | Ziffy

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

Rental property for sale in Loogootee at 102 Eastgate Ave, Loogootee, IN, 47553 generates $1,478/mo in rent and, after a $1,101/mo payment, leaves $128/mo in cash flow. Total monthly income is $1,478/mo, and annual cash flow is $1,531/yr on $74,588 invested. Return on cash invested sits at 21.96% in year one, and rental yield is 7.88% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 113.63% and total cumulative return in cash sums $84,753. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,478/mo property income rather than buyer’s personal income.

Single Family

Built in 1960

0.78 Acres lot

$N/A/sqft

No HOA

More details about the property

Great location in town with .78 acres! Solid home with a nice, spacious yard and a partial basement. Detached 2 car garage that has a covered entrance to the home. The main level has 4 bedrooms and 1 & 1/2 baths. The primary bedroom connects to a walk through laundry room with a 1/2 bath. You'll also find hardwood floors underneath carpets on the main level and laundry hookups upstairs & downstairs!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47553, Loogootee, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,625 (100%)
Owner Occupied HU	2,637 (72.7%)
Renter Occupied HU	680 (18.8%)
Vacant Housing Units	308 ( 8.5%)
Median Home Value	$232,260
Average Home Value	$253,015