922 State St, Logansport, IN, 46947 | $379/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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922 State St, Logansport, IN, 46947 | $379/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 Logansport at 922 State St, Logansport, IN, 46947 offers a 10.99% rental yield on a $120,000 purchase with $1,099/mo rent. Total monthly income registers $1,099/mo, and a $587/mo payment leaves $379/mo available for distribution. Annual cash flow reaches $4,548/yr on $39,780 to close, and return on cash invested stands at 31.34% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 163.85% and total cumulative return in cash at $65,179. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,099/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

6,926 sqft lot

$N/A/sqft

No HOA

More details about the property

A nice single story, 3 bedroom - 1 bathroom home on the west side of town with a detached garage. Tons of updates. Newer flooring, central air conditioning, cabinets, and paint. The roof is 6 years old and garage roof is approximately 2 years old. Partial basement with a functioning sump pump. Comes with kitchen appliances as well as washer and dryer. Main floor laundry. Fenced in yard with space for off street parking. Close to schools, parks, and shopping. Easy access to Hoosier Heartland Highway.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46947, Logansport, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,221 (100%)
Owner Occupied HU	7,740 (63.3%)
Renter Occupied HU	3,344 (27.4%)
Vacant Housing Units	1,137 ( 9.3%)
Median Home Value	$138,268
Average Home Value	$164,868