4378 N Private Road 1185 E, Loogootee, IN, 47553 | $240/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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4378 N Private Road 1185 E, Loogootee, IN, 47553 | $240/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Loogootee at 4378 N Private Road 1185 E, Loogootee, IN, 47553 uses $69,582 cash to close to unlock $2,884/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $1,027/mo payment keeps the spread at $240/mo. Purchase price stands at $209,900, and rental yield measures 8.58% with $1,500/mo rent. Return on cash invested shows 24.05% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 124.85% and total cumulative return in cash records $86,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $1,027/mo payment rather than investor’s personal income.

Manufactured

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Enjoy this West Boggs Lake retreat! This mobile home includes living room, dining room, and kitchen with lots of cabinetry, counter space, breakfast bar, and all appliances included. Main bedroom features an impressive full wall built-in wardrobe, the full bath also has plenty of storage and a soaking tub with air jets, spare bedroom if needed, plus enjoy your morning coffee in the spacious 4-season sunroom. Spend your evenings on the porch, entertain around the firepit, or venture down the path to the lake. Dock and 2 covered boat slips included! Plus, a fenced yard area, a 2.5-car detached garage with lean-to, and 3-sided carport for all your water toys.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47553, Loogootee, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,625 (100%)
Owner Occupied HU	2,637 (72.7%)
Renter Occupied HU	680 (18.8%)
Vacant Housing Units	308 ( 8.5%)
Median Home Value	$232,260
Average Home Value	$253,015