404 Grand StLigonierIN46767
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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 Ligonier at 404 Grand St, Ligonier, IN, 46767 priced at $215,020 converts $2,128/mo rent into $816/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,128/mo, and annual cash flow totals $9,792/yr on $71,279 invested. Return on cash invested prints 33.65% in year one, and rental yield reads 11.88% against a $215,020 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,406 by year five. Five-year ROI reaches 176.46% and total cumulative return in cash sums $125,780. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,128/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46767, Ligonier, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,129 (100%) |
| Owner Occupied HU | 2,054 (65.6%) |
| Renter Occupied HU | 787 (25.2%) |
| Vacant Housing Units | 288 ( 9.2%) |
| Median Home Value | $234,753 |
| Average Home Value | $277,471 |
Housing Distribution
Address Breakdown
Residential
2,897
Single Family
2,811
Multi-Family
86
Businesses
222
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Listed by: Virgen Morales • Lewis & Lambright Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202442544
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.