203 Cherokee DrLowellIN46356
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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 Lowell at 203 Cherokee Dr, Lowell, IN, 46356 offers $1,976/mo rent that, after a $1,419/mo payment, leaves $236/mo cash flow. Total monthly income is $1,976/mo, and annual cash flow is $2,828/yr on $96,102 cash. Return on cash invested measures 22.85% in year one, and rental yield stands at 8.18% at a $289,900 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,094 by year five. Five-year ROI records 118.4% and total cumulative return in cash reaches $113,781. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,976/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46356, Lowell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,032 (100%) |
| Owner Occupied HU | 6,541 (81.4%) |
| Renter Occupied HU | 1,041 (13.0%) |
| Vacant Housing Units | 450 ( 5.6%) |
| Median Home Value | $310,836 |
| Average Home Value | $337,461 |
Housing Distribution
Address Breakdown
Residential
7,673
Single Family
7,411
Multi-Family
262
Businesses
382
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