304 Georgian LnLogansportIN46947
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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
Rental property for sale in Logansport at 304 Georgian Ln, Logansport, IN, 46947 priced at $367,000 converts $3,127/mo rent into $924/mo cash flow after a $1,796/mo obligation. Total monthly income equals $3,127/mo, and annual cash flow totals $11,091/yr on $121,661 invested. Return on cash invested prints 29.03% in year one, and rental yield reads 10.22% against a $367,000 entry. Equity gained on principal adds $2,368/yr, while 5% annual appreciation compiles into $101,395 by year five. Five-year ROI reaches 151.5% and total cumulative return in cash sums $184,319. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,127/mo property income covering a $1,796/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.38 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
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Listed by: Mary Pomasl • MPR Realty, LLC
Mls Name: IRMLS
Mls ID: #202549374