1204 W 2nd StLigonierIN46767
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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 Ligonier at 1204 W 2nd St, Ligonier, IN, 46767 offers a 9.98% rental yield on a $298,800 purchase with $2,485/mo rent. Total monthly income registers $2,485/mo, and a $1,462/mo payment leaves $626/mo available for distribution. Annual cash flow reaches $7,510/yr on $99,052 to close, and return on cash invested stands at 27.49% in year one. Equity gained on principal adds $1,928/yr while 5% annual appreciation supports $82,553 over five years. Portfolio math shows five-year ROI at 143.54% and total cumulative return in cash at $142,183. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,485/mo property income against a $1,462/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46767, Ligonier, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,129 (100%) |
| Owner Occupied HU | 2,054 (65.6%) |
| Renter Occupied HU | 787 (25.2%) |
| Vacant Housing Units | 288 ( 9.2%) |
| Median Home Value | $234,753 |
| Average Home Value | $277,471 |
Housing Distribution
Address Breakdown
Residential
2,897
Single Family
2,811
Multi-Family
86
Businesses
222
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