973 S Cicott StLogansportIN46947
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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
Rental property for sale in Logansport at 973 S Cicott St, Logansport, IN, 46947 priced at $143,000 pairs $1,248/mo rent with $369/mo cash flow after a $700/mo payment. Total monthly income equals $1,248/mo, and annual cash flow comes to $4,431/yr on $47,405 invested. Return on cash invested is 29.26% in year one, and rental yield stands at 10.47% on a $143,000 basis. Equity gained on principal adds $923/yr, and 5% annual appreciation accumulates to $39,508 by year five. Five-year ROI measures 153.01% and total cumulative return in cash reaches $72,532. For financing, Ziffy Mortgage’s DSCR program evaluates $1,248/mo property income against a $700/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
9,583 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,475
Single Family
10,917
Multi-Family
558
Businesses
890
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Listed by: Nayeli Martinez • MPR Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202428173
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.