218 W Miami 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 218 W Miami Ave, Logansport, IN, 46947 priced at $190,000 pairs $1,357/mo rent with $216/mo cash flow after a $930/mo payment. Total monthly income equals $1,357/mo, and annual cash flow comes to $2,597/yr on $62,985 invested. Return on cash invested is 24.03% in year one, and rental yield stands at 8.57% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 124.75% and total cumulative return in cash reaches $78,576. For financing, Ziffy Mortgage’s DSCR program evaluates $1,357/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
5,662 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: Shyanna Cavins • Metz Phillipy Real Estate
Mls Name: IRMLS
Mls ID: #202533572