2211 Myers LnLogansportIN46947
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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 2211 Myers Ln, Logansport, IN, 46947 uses $61,328 cash to close to unlock $4,152/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $1,456/mo, and a $905/mo payment keeps the spread at $346/mo. Purchase price stands at $185,000, and rental yield measures 9.44% with $1,456/mo rent. Return on cash invested shows 26.68% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 138.89% and total cumulative return in cash records $85,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,456/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.34 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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