321 Riverview StLogansportIN46947
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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 321 Riverview St, Logansport, IN, 46947 offers $1,177/mo rent that, after a $649/mo payment, leaves $381/mo cash flow. Total monthly income is $1,177/mo, and annual cash flow is $4,574/yr on $43,924 cash. Return on cash invested measures 30.32% in year one, and rental yield stands at 10.66% at a $132,500 entry. Equity gained on principal adds $855/yr while 5% annual appreciation compounds into $36,607 by year five. Five-year ROI records 158.56% and total cumulative return in cash reaches $69,644. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,177/mo property income versus a $649/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,098 sqft 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: Stephanie Helton • Rogers Auction & Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509485
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.