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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Loogootee at 936 Us Highway 231, Loogootee, IN, 47553 listed at $295,000 pairs $2,206/mo rent with a $1,444/mo payment to leave $435/mo cash flow. Total monthly income runs $2,206/mo, and annual cash flow reaches $5,220/yr on $97,793 cash to close. Return on cash invested measures 25.25% in year one, and rental yield registers 8.97% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 131.26% and total cumulative return in cash totals $128,366. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,206/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
1.89 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47553, Loogootee, IN area.
| 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 |
Residential
3,405
Single Family
3,352
Multi-Family
53
Businesses
209
Date | Event | Price |
|---|---|---|
| 2025-09-01 | Listed for sale | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-03 | $1191.86 | -0.45% | $239,700 | 7.06% |
| 2023-09-03 | $1197.30 | 3.82% | $223,900 | 6.42% |
| 2022-09-03 | $1153.22 | 9.05% | $210,400 | 16.89% |
What's Special
Storage,Walk-up
Listed by: Gary Schnell • SELL4FREE-WELSH REALTY CORPORATION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535108
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.
