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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% |
Rental property for sale in Loogootee at 604 N Line St, Loogootee, IN, 47553 generates $2,363/mo in rent and, after a $1,223/mo payment, leaves $863/mo in cash flow. Total monthly income is $2,363/mo, and annual cash flow is $10,356/yr on $82,842 invested. Return on cash invested sits at 32.41% in year one, and rental yield is 11.35% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 169.7% and total cumulative return in cash sums $140,582. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,363/mo property income rather than buyer’s personal income.
Single Family
Built in 1893
N/A 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 |
|---|---|---|
| 2025-03-07 | Sold | $249,900 |
| 2025-02-10 | Pending sale | $249,900 |
| 2025-01-25 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1776.68 | 1.86% | $204,200 | -1.11% |
| 2023-10-22 | $1744.32 | 5.27% | $206,500 | 5.20% |
| 2022-10-22 | $1657.00 | 10.18% | $196,300 | 14.86% |
Listed by: Billy J Walker • Century 21 Classic Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439328
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.
