1003 E 11th St, Fowler, IN, 47944 | $301/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1003 E 11th St, Fowler, IN, 47944 | $301/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 Fowler at 1003 E 11th St, Fowler, IN, 47944 uses $43,062 cash to close to unlock $3,612/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $1,081/mo, and a $636/mo payment keeps the spread at $301/mo. Purchase price stands at $129,900, and rental yield measures 9.99% with $1,081/mo rent. Return on cash invested shows 28.3% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 147.71% and total cumulative return in cash records $63,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,081/mo property income covering a $636/mo payment rather than investor’s personal income.

Single Family

Built in 1986

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Hidden Mid-century gem in Fowler! Tucked away off the main street and almost entirely privacy fenced, this home offers the perfect balance for secluded outdoor living with in-town conveniences. This spacious open floor plan with 2BR/1BA already felt bigger than it is, but now with the heated/cooled, [80%] finished attached garage converted to living space and the 3 Season Rm, youll have plenty of room to move around regardless of the weather! The interior offers a refreshed, clean modern aesthetic, highlighted by fresh paint and curated lighting. Warm, rich hardwood flooring through the living area and bedrooms creates a seamless, classic feel while the kitchen and bath have easy-to-clean ceramic tile, providing a practical yet stylish contrast. The large, tree-lined backyard is a retreat for outdoor enthusiasts, complete with a paver patio, raised garden beds, and a wide variety of ornamental shrubs, fruit trees, and perennials. With a garden shed, 2 large storage sheds (one with electricity), and a carport, there is a place for everything. Nestled in a quiet neighborhood, it's just a 5-minute drive to Benton Central, 30 minutes to Purdue, and a modern playground just a quick walk away. Great investment at this price.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47944, Fowler, IN area.

Housing Distribution

Housing Statistics

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