501 E Main StLoogooteeIN47553
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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 Loogootee at 501 E Main St, Loogootee, IN, 47553 priced at $410,000 converts $1,500/mo rent into after a $2,007/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 11.42% in year one, and rental yield reads 4.39% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 57.08% and total cumulative return in cash sums $77,579. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Single Family
Built in 1865
1.29 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,405
Single Family
3,352
Multi-Family
53
Businesses
209
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