2708 E State Road 524LagroIN46941
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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 Lagro at 2708 E State Road 524, Lagro, IN, 46941 offers a 7.97% rental yield on a $350,000 purchase with $2,324/mo rent. Total monthly income registers $2,324/mo, and a $1,713/mo payment leaves $223/mo available for distribution. Annual cash flow reaches $2,677/yr on $116,025 to close, and return on cash invested stands at 22.22% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 115.01% and total cumulative return in cash at $133,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,324/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1850
24.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46941, Lagro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 511 (100%) |
| Owner Occupied HU | 429 (84.0%) |
| Renter Occupied HU | 39 ( 7.6%) |
| Vacant Housing Units | 43 ( 8.4%) |
| Median Home Value | $296,591 |
| Average Home Value | $362,523 |
Housing Distribution
Address Breakdown
Residential
395
Single Family
395
Multi-Family
0
Businesses
23
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