706 S Main St, Ligonier, IN, 46767 | $272/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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706 S Main St, Ligonier, IN, 46767 | $272/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 Ligonier at 706 S Main St, Ligonier, IN, 46767 uses $75,748 cash to close to unlock $3,261/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,643/mo, and a $1,118/mo payment keeps the spread at $272/mo. Purchase price stands at $228,500, and rental yield measures 8.63% with $1,643/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $63,130 over five years. Five-year ROI reaches 125.7% and total cumulative return in cash records $95,212. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,643/mo property income covering a $1,118/mo payment rather than investor’s personal income.

Single Family

Built in 1900

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful historic home on Main Street. Stunning Victorian Home with attached 2 car drive thru garage. This lovely 4 bedroom, possibly 5-bedroom home with to many amenities to list. Beautiful foyer entry, oversized family room with brick fireplace, library with built in shelves, formal dining room, beautiful chandeliers, elegant breakfast nook, den, and more. Beautiful staircase leads to second floor bedrooms, tall ceilings, plenty of built-ins, and woodworking. Elegant front porch, screened in back porch that leads to deck and spacious back yard that is beautifully landscaped. Electrical has been updated, new plumbing updates, some newer carpet. This home is a must see.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46767, Ligonier, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,129 (100%)
Owner Occupied HU	2,054 (65.6%)
Renter Occupied HU	787 (25.2%)
Vacant Housing Units	288 ( 9.2%)
Median Home Value	$234,753
Average Home Value	$277,471