508 E Broadway St, Loogootee, IN, 47553 | $389/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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508 E Broadway St, Loogootee, IN, 47553 | $389/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 508 E Broadway St, Loogootee, IN, 47553 earns $389/mo cash flow from $1,769/mo rent with a $1,125/mo payment. Total monthly income totals $1,769/mo, and annual cash flow totals $4,670/yr on $76,212 capital. ROI tracks 26.04% on current figures, and rental yield reads 9.23% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 135.51% and total cumulative return in cash sums $103,271. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,769/mo property income instead of your personal income.

Single Family

Built in 1972

0.57 Acres lot

$N/A/sqft

No HOA

More details about the property

Move-in ready and nicely updated, this brick 3 bedroom 2 bath home sits on a roomy 0.57-acre lot in Loogootee. Inside youll find brand new laminate and carpet flooring plus fresh paint throughout, giving the home a warm, welcoming feel. The layout offers comfortable living space, an eat-in kitchen, and an unfinised basement. Outside, enjoy the beautiful privacy-fenced backyard with a firepit and lovely patio, perfect for pets, play, or relaxing after work. Conveniently located in the heart of scenic Martin County, this home offers an easy commute to NSWC Crane and is centrally located to Jasper, French Lick, Bedford, and Washington for shopping, dining, and recreation.

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