1220 E Market StLogansportIN46947
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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 Logansport at 1220 E Market St, Logansport, IN, 46947 uses $56,024 cash to close to unlock $8,192/yr annual cash flow and $683/mo monthly cash flow. Total monthly income runs $1,697/mo, and a $827/mo payment keeps the spread at $683/mo. Purchase price stands at $169,000, and rental yield measures 12.05% with $1,697/mo rent. Return on cash invested shows 34.53% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 181.01% and total cumulative return in cash records $101,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,697/mo property income covering a $827/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
9,452 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46947, Logansport, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,475
Single Family
10,917
Multi-Family
558
Businesses
890
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Listed by: Star McClain • Rogers Auction & Real Estate
Mls Name: IRMLS
Mls ID: #202533837