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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Loogootee at 508 Walker St, Loogootee, IN, 47553 offers a 16.89% rental yield on a $108,000 purchase with $1,520/mo rent. Total monthly income registers $1,520/mo, and a $529/mo payment leaves $871/mo available for distribution. Annual cash flow reaches $10,456/yr on $35,802 to close, and return on cash invested stands at 49.11% in year one. Equity gained on principal adds $697/yr while 5% annual appreciation supports $29,838 over five years. Portfolio math shows five-year ROI at 259.28% and total cumulative return in cash at $92,828. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,520/mo property income against a $529/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47553, Loogootee, IN area.
| 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 |
Residential
3,405
Single Family
3,352
Multi-Family
53
Businesses
209
Date | Event | Price |
|---|---|---|
| 2025-07-10 | Sold | $108,000 |
| 2025-05-27 | Pending sale | $129,500 |
| 2025-05-16 | Listed for sale | $129,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $219.20 | 4.53% | $10,500 | 2.94% |
| 2023-10-31 | $209.70 | -11.55% | $10,200 | 2.00% |
| 2022-10-31 | $237.08 | 3.71% | $10,000 | 3.09% |
Listed by: Christina Rogers • Century 21 Classic Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518025
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.
