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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% |
Investment property for sale in Logansport at 1212 W Melbourne Ave, Logansport, IN, 46947 uses $57,184 cash to close to unlock $1,822/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,187/mo, and a $844/mo payment keeps the spread at $152/mo. Purchase price stands at $172,500, and rental yield measures 8.26% with $1,187/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 119.7% and total cumulative return in cash records $68,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,187/mo property income covering a $844/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.25 Acres 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 |
|---|---|---|
| 2025-04-09 | Listed for sale | $172,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-10 | $632.00 | 10.30% | $66,400 | 9.21% |
| 2023-04-10 | $573.00 | 20.63% | $60,800 | 11.97% |
| 2022-04-10 | $475.00 | N/A | $54,300 | 21.48% |
Listed by: Stephanie Helton • Rogers Auction & Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512067
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.
