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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Loogootee at 305 NE 2nd St, Loogootee, IN, 47553 priced at $123,000 pairs $1,033/mo rent with $292/mo cash flow after a $602/mo payment. Total monthly income equals $1,033/mo, and annual cash flow comes to $3,507/yr on $40,775 invested. Return on cash invested is 28.51% in year one, and rental yield stands at 10.08% on a $123,000 basis. Equity gained on principal adds $794/yr, and 5% annual appreciation accumulates to $33,983 by year five. Five-year ROI measures 148.83% and total cumulative return in cash reaches $60,685. For financing, Ziffy Mortgage’s DSCR program evaluates $1,033/mo property income against a $602/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
5,662 sqft 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 |
|---|---|---|
| 2025-10-07 | Sold | $123,000 |
| 2025-06-19 | Pending sale | $142,000 |
| 2025-05-04 | Listed for sale | $142,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | $1050.74 | 5.45% | $56,600 | 7.81% |
| 2023-10-13 | $996.40 | 11.98% | $52,500 | 5.42% |
| 2022-10-13 | $889.78 | 5.01% | $49,800 | 12.16% |
Listed by: Mark J Graber • Honey Bee Realty Co. LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515959
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.
