231 SE 1st StLoogooteeIN47553
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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 Loogootee at 231 SE 1st St, Loogootee, IN, 47553 offers a 9.4% rental yield on a $181,600 purchase with $1,423/mo rent. Total monthly income registers $1,423/mo, and a $889/mo payment leaves $333/mo available for distribution. Annual cash flow reaches $3,993/yr on $60,200 to close, and return on cash invested stands at 26.54% in year one. Equity gained on principal adds $1,172/yr while 5% annual appreciation supports $50,173 over five years. Portfolio math shows five-year ROI at 138.18% and total cumulative return in cash at $83,187. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,423/mo property income against a $889/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47553, Loogootee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,625 (100%) |
| Owner Occupied HU | 2,637 (72.7%) |
| Renter Occupied HU | 680 (18.8%) |
| Vacant Housing Units | 308 ( 8.5%) |
| Median Home Value | $232,260 |
| Average Home Value | $253,015 |
Housing Distribution
Address Breakdown
Residential
3,405
Single Family
3,352
Multi-Family
53
Businesses
209
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