690 E Southridge Rd, Loogootee, IN, 47553 | 5.84% Rental Yield

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Price: $300K - 500K

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690 E Southridge Rd, Loogootee, IN, 47553 | 5.84% Rental Yield | 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 690 E Southridge Rd, Loogootee, IN, 47553 with 5% annual appreciation on a $359,900 basis while $1,753/mo rent supports operations. 81% in year one. Equity gained on principal adds $2,322/yr, and five-year appreciation sums $99,434 alongside rental yield of 5.84%. Five-year ROI measures 80.64% and total cumulative return in cash totals $96,206. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,753/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1996

1.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful edge of town location on 1.32 acres +/- overlooking the Martin County countryside. The main floor offers an open dining and living room with fireplace, kitchen, Master Suite with full bath, 2 additional bedrooms, and another full bath. The partial finished basement includes a rec room, 3 bonus rooms, bedroom, full bath, laundry, and utility room. This vinyl and brick home offers over 2200 sq ft +/- of living space with a walk-out basement leading out to your very own in-ground pool. The fenced-in backyard offers plenty of room for entertaining around the pool, on the top deck, or on the covered patio below. Plus, room for other outdoor activities or a large garden beyond and a convenient 2-car attached garage and large driveway for extra parking.

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