231 SE 1st StLoogooteeIN47553
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 231 SE 1st St, Loogootee, IN, 47553 in Loogootee is straightforward: $181,600 in, $1,423/mo in rent, $333/mo out after debt service. The 9.4% gross yield and 1.74 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $50,173 by year five. With $1,673/yr in principal equity, the total cumulative return is projected at $90,125.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.5% |
| Monthly Cash Flow | $333 | $1,200 |
City averages based on Loogootee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,423 |
| Total Monthly Debt Service | $1,018 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices