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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 Logansport at 3108 N Pennsylvania Ave, Logansport, IN, 46947 generates $1,414/mo in rent and, after a $734/mo payment, leaves $428/mo in cash flow. Total monthly income is $1,414/mo, and annual cash flow is $5,140/yr on $49,725 invested. Return on cash invested sits at 30.25% in year one, and rental yield is 11.31% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 158.85% and total cumulative return in cash sums $78,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,414/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46947, Logansport, IN area.
| 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 |
Residential
11,475
Single Family
10,917
Multi-Family
558
Businesses
890
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Sold | $150,000 |
| 2025-03-16 | Price change | $158,500 |
| 2025-03-12 | Price change | $165,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $2270.00 | 124.53% | $120,200 | 5.90% |
| 2023-11-02 | $1011.00 | 20.07% | $113,500 | 12.27% |
| 2022-11-02 | $842.00 | N/A | $101,100 | 20.07% |
Listed by: Skylar Skelton • MPR Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202505130
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.
