502 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
Investment property for sale in Ligonier at 502 S Martin St, Ligonier, IN, 46767 at $127,800 posts ROI 38.55% with $658/mo cash flow from $1,428/mo rent. Total monthly income equals $1,428/mo, and annual cash flow records $7,897/yr on $42,366 to close. Return on cash invested measures 38.55% and rental yield reads 13.41% at the current $127,800. Equity gained on principal adds $825/yr, and 5% annual appreciation supports $35,309 by year five. Five-year ROI prints 202.71% and total cumulative return in cash totals $85,880.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,428/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1880
0.25 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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