1619 S Ridgeview RdLogansportIN46947
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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 1619 S Ridgeview Rd, Logansport, IN, 46947 listed at $178,500 pairs $1,471/mo rent with a $874/mo payment to leave $399/mo cash flow. Total monthly income runs $1,471/mo, and annual cash flow reaches $4,790/yr on $59,173 cash to close. Return on cash invested measures 28% in year one, and rental yield registers 9.89% at a $178,500 basis. Equity gained on principal adds $1,152/yr, and annual property appreciation at 5% supports $49,316 by year five. Five-year ROI tracks 146.08% and total cumulative return in cash totals $86,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,471/mo property income relative to a $874/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.55 Acres 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: Paloma Arellano • Modern Real Estate
Mls Name: IRMLS
Mls ID: #202537652