3009 E BroadwayLogansportIN46947
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
Investment Highlights
Rental property for sale in Logansport at 3009 E Broadway, Logansport, IN, 46947 priced at $228,300 converts $1,712/mo rent into $342/mo cash flow after a $1,117/mo obligation. Total monthly income equals $1,712/mo, and annual cash flow totals $4,104/yr on $75,681 invested. Return on cash invested prints 25.33% in year one, and rental yield reads 9% against a $228,300 entry. Equity gained on principal adds $1,473/yr, while 5% annual appreciation compiles into $63,075 by year five. Five-year ROI reaches 131.67% and total cumulative return in cash sums $99,649. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,712/mo property income covering a $1,117/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46947, Logansport, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,475
Single Family
10,917
Multi-Family
558
Businesses
890
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A