3128 N Pennsylvania AveLogansportIN46947
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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 3128 N Pennsylvania Ave, Logansport, IN, 46947 priced at $238,900 converts $1,877/mo rent into $443/mo cash flow after a $1,169/mo obligation. Total monthly income equals $1,877/mo, and annual cash flow totals $5,319/yr on $79,195 invested. Return on cash invested prints 26.62% in year one, and rental yield reads 9.43% against a $238,900 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,004 by year five. Five-year ROI reaches 138.67% and total cumulative return in cash sums $109,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,877/mo property income covering a $1,169/mo payment, not borrower’s personal income.
Single Family
Built in 1941
0.28 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: Cindy Heinzman • Modern Real Estate
Mls Name: IRMLS
Mls ID: #202533211