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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% |
Rental property for sale in Fowler at 1001 E 6th St, Fowler, IN, 47944 generates $2,000/mo in rent and, after a $1,003/mo payment, leaves $770/mo in cash flow. Total monthly income is $2,000/mo, and annual cash flow is $9,237/yr on $67,958 invested. Return on cash invested sits at 33.5% in year one, and rental yield is 11.71% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 175.48% and total cumulative return in cash sums $119,250. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
10,585 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47944, Fowler, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,556 (100%) |
| Owner Occupied HU | 1,066 (68.5%) |
| Renter Occupied HU | 359 (23.1%) |
| Vacant Housing Units | 131 ( 8.4%) |
| Median Home Value | $150,000 |
| Average Home Value | $170,561 |
Residential
1,477
Single Family
1,467
Multi-Family
10
Businesses
155
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Sold | $205,000 |
| 2024-11-27 | Pending sale | $209,900 |
| 2024-11-01 | Price change | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1584.18 | 28.92% | $139,400 | -1.83% |
| 2023-10-24 | $1228.80 | 34.30% | $142,000 | 27.47% |
| 2022-10-24 | $914.98 | 12.17% | $111,400 | 21.35% |
Listed by: Darcy Weston • Darcy Weston RE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202421546
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.
