Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Loogootee at 2368 Reinhart Rd, Loogootee, IN, 47553 offers a 5.73% rental yield on a $249,900 purchase with $1,194/mo rent. 48% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 78.89% and total cumulative return in cash at $65,354. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,194/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47553, Loogootee, IN area.
| 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 |
Residential
3,405
Single Family
3,352
Multi-Family
53
Businesses
209
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $249,900 |
| 2016-09-09 | Listing removed | $88,900 |
| 2016-08-25 | Listed for sale | $88,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $779.40 | -1.05% | $168,700 | 4.39% |
| 2023-05-30 | $787.68 | 2.06% | $161,600 | 5.83% |
| 2022-05-30 | $771.80 | 36.74% | $152,700 | 13.70% |
Listed by: Kevin Wade • Century 21 Classic Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520056
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.
