315 Grove St, Logansport, IN, 46947 | $445/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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315 Grove St, Logansport, IN, 46947 | $445/mo Cash Flow | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Logansport at 315 Grove St, Logansport, IN, 46947 priced at $159,900 pairs $1,405/mo rent with $445/mo cash flow after a $783/mo payment. Total monthly income equals $1,405/mo, and annual cash flow comes to $5,337/yr on $53,007 invested. Return on cash invested is 29.98% in year one, and rental yield stands at 10.54% on a $159,900 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,177 by year five. Five-year ROI measures 156.6% and total cumulative return in cash reaches $83,010. For financing, Ziffy Mortgage’s DSCR program evaluates $1,405/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1940

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Motivated Sellers!!! This immaculate home features a welcoming open-covered front porch. Step inside to discover the living room with floating cabinetry and WiFi enabled ceiling fan, creating a cozy and contemporary atmosphere. The kitchen boasts of solid wood cabinets and newer flooring. The thoughtfully remodeled back porch enhances functionality and ease of use. This home has 4 bedrooms-two conveniently located on the main floor and two upstairs-each with ample closet space. One bedroom upstairs is exceptionally spacious, providing a perfect retreat. The furnace was installed in 2022. Enjoy year-round comfort with central air on the lower level and a window unit a/c upstairs. Outside, the property features a fantastic two-car garage, providing plenty of space for parking and storage. Don't miss the opportunity to make this home yours!

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