706 S Main StLigonierIN46767
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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 Ligonier at 706 S Main St, Ligonier, IN, 46767 uses $69,582 cash to close to unlock $1,672/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $1,399/mo, and a $1,027/mo payment keeps the spread at $139/mo. Purchase price stands at $209,900, and rental yield measures 8% with $1,399/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 115.52% and total cumulative return in cash records $80,384. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,399/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,897
Single Family
2,811
Multi-Family
86
Businesses
222
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