2116 Usher 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 2116 Usher St, Logansport, IN, 46947 with 5% annual appreciation on a $100,000 basis while $784/mo rent supports operations. Total monthly income totals $784/mo and a $489/mo payment preserves $184/mo for cash returns. Annual cash flow comes to $2,210/yr on $33,150 deployed, and return on cash invested reaches 26.58% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.41%. Five-year ROI measures 138.47% and total cumulative return in cash totals $45,904.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $784/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
6,969 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: Jackie Lovell • New Quantum Realty Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22039410