1407 Michigan AveLogansportIN46947
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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
Rental property for sale in Logansport at 1407 Michigan Ave, Logansport, IN, 46947 generates $1,017/mo in rent and, after a $661/mo payment, leaves $206/mo in cash flow. Total monthly income is $1,017/mo, and annual cash flow is $2,476/yr on $44,753 invested. Return on cash invested sits at 25.44% in year one, and rental yield is 9.04% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 132.36% and total cumulative return in cash sums $59,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,017/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
7,056 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: Darcy Weston • Darcy Weston RE
Mls Name: IRMLS
Mls ID: #202536033