1620 Douglas StLogansportIN46947
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1620 Douglas St, Logansport, IN, 46947 earns $554/mo cash flow from $1,244/mo rent with a $563/mo payment. Total monthly income totals $1,244/mo, and annual cash flow totals $6,642/yr on $38,123 capital. ROI tracks 37.33% on current figures, and rental yield reads 12.98% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 196.13% and total cumulative return in cash sums $74,769. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,244/mo property income instead of your personal income.
Multi Family
Built in 1903
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve D Schwering • Schwering Realty
Mls Name: IRMLS
Mls ID: #202545084