1104 E 6th StFowlerIN47944
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1104 E 6th St, Fowler, IN, 47944 in Fowler. At $255,000 it earns $1,996/mo in rent and distributes $465/mo to the owner after the $1,147/mo payment, a consistent 9.39% yield. DSCR 1.74 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $70,452 in value; $2,349/yr in principal paydown compounds ownership stake. Total projected return: $126,431.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $465 | $1,200 |
City averages based on Fowler market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,996 |
| Total Monthly Debt Service | $1,429 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1880
0.26 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,477
Single Family
1,467
Multi-Family
10
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1880
0.26 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,477
Single Family
1,467
Multi-Family
10
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brock Garrelts • Burton Farm And Home Realty, LLC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532628
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.