1243 Bellgrade Ave, Loogootee, IN, 47553 | 6.7% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1243 Bellgrade Ave, Loogootee, IN, 47553 | 6.7% Rental Yield | 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

Investment property for sale in Loogootee at 1243 Bellgrade Ave, Loogootee, IN, 47553 earns from $2,282/mo rent with a $2,002/mo payment. Total monthly income totals $2,282/mo. ROI tracks 18.38% on current figures, and rental yield reads 6.7% at a $409,000 purchase. Equity gained on principal adds $2,639/yr, and 5% annual appreciation supports $112,999 over five years. Five-year ROI reaches 94.38% and total cumulative return in cash sums $127,965. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,282/mo property income instead of your personal income.

Single Family

Built in 1984

1.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Well maintained 3-bedroom, 2-bath, brick/vinyl home in a conveniently located subdivision on the edge of town. This home has been updated with all new flooring, new HVAC, and a spacious composite deck overlooking the woods in back. The kitchen has beautiful solid surface countertops and shaker style cabinets. Both baths have been recently updated and there is a nice finished partial basement for family activities. Lots of space with an attached 2-car garage and a detached 1-car garage with a finished man cave area. All located on 1.3 rolling, wooded acres. Everything is all finished and ready for you to move in!

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