610 S Logan StKewannaIN46939
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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 Kewanna at 610 S Logan St, Kewanna, IN, 46939 offers a 8.35% rental yield on a $214,900 purchase with $1,495/mo rent. Total monthly income registers $1,495/mo, and a $1,052/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,458/yr on $71,239 to close, and return on cash invested stands at 23.36% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 121.1% and total cumulative return in cash at $86,274. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,495/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46939, Kewanna, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,001 (100%) |
| Owner Occupied HU | 690 (68.9%) |
| Renter Occupied HU | 129 (12.9%) |
| Vacant Housing Units | 182 (18.2%) |
| Median Home Value | $143,939 |
| Average Home Value | $233,004 |
Housing Distribution
Address Breakdown
Residential
732
Single Family
731
Multi-Family
1
Businesses
38
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