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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Logansport at 2216 Murdock St, Logansport, IN, 46947 listed at $180,000 pairs $1,490/mo rent with a $881/mo payment to leave $410/mo cash flow. Total monthly income runs $1,490/mo, and annual cash flow reaches $4,914/yr on $59,670 cash to close. Return on cash invested measures 28.14% in year one, and rental yield registers 9.93% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 146.8% and total cumulative return in cash totals $87,593. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,490/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46947, Logansport, IN area.
| 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 |
Residential
11,475
Single Family
10,917
Multi-Family
558
Businesses
890
Date | Event | Price |
|---|---|---|
| 2025-02-07 | Sold | $180,000 |
| 2025-01-24 | Pending sale | $184,000 |
| 2024-12-10 | Price change | $184,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $911.00 | 12.61% | $75,100 | -13.78% |
| 2023-11-02 | $809.00 | 6.03% | $87,100 | 13.26% |
| 2022-11-02 | $763.00 | N/A | $76,900 | -1.41% |
Listed by: Bob J Wildermuth • Two Rivers Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431813
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
