406 S Martin 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 406 S Martin St, Ligonier, IN, 46767 priced at $130,000 converts $1,036/mo rent into $256/mo cash flow after a $636/mo obligation. Total monthly income equals $1,036/mo, and annual cash flow totals $3,071/yr on $43,095 invested. Return on cash invested prints 27.03% in year one, and rental yield reads 9.56% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 140.82% and total cumulative return in cash sums $60,687. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,036/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1880
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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