7446 N State Highway 25 North HwyLucerneIN46950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lucerne at 7446 N State Highway 25 North Hwy, Lucerne, IN, 46950 offers a 8.01% rental yield on a $140,000 purchase with $935/mo rent. Total monthly income registers $935/mo, and a $685/mo payment leaves $95/mo available for distribution. Annual cash flow reaches $1,138/yr on $46,410 to close, and return on cash invested stands at 22.36% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 115.78% and total cumulative return in cash at $53,734. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $935/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46950, Lucerne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 208 (76.2%) |
| Renter Occupied HU | 31 (11.4%) |
| Vacant Housing Units | 34 (12.5%) |
| Median Home Value | $191,346 |
| Average Home Value | $207,873 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
7
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Listed by: Malinda Galloway • Envision Real Estate Team - Logansport
Mls Name: IRMLS
Mls Provider:
Mls ID: #202426230
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.