506 SW 1st StLoogooteeIN47553
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 506 SW 1st St, Loogootee, IN, 47553 in Loogootee worth modelling. At $102,500 with a 9.08% gross yield, the $776/mo rent leaves $161/mo after the $461/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.68 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $28,319 by year five; $944/yr in principal reduction adds further equity. Total projected return: $49,138.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.5% |
| Monthly Cash Flow | $161 | $1,200 |
City averages based on Loogootee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $776 |
| Total Monthly Debt Service | $575 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
6,969 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
6,969 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Twyla Ramirez • Honey Bee Realty Co. LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510144
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.