219 E 1st StFowlertonIN46930
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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 Fowlerton at 219 E 1st St, Fowlerton, IN, 46930 generates $1,207/mo in rent and, after a $734/mo payment, leaves $292/mo in cash flow. Total monthly income is $1,207/mo, and annual cash flow is $3,507/yr on $49,692 invested. Return on cash invested sits at 26.97% in year one, and rental yield is 9.66% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 140.64% and total cumulative return in cash sums $69,887. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,207/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46930, Fowlerton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 114 (100%) |
| Owner Occupied HU | 69 (60.5%) |
| Renter Occupied HU | 27 (23.7%) |
| Vacant Housing Units | 18 (15.8%) |
| Median Home Value | $182,500 |
| Average Home Value | $256,848 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
3
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Listed by: Austin Rich • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516793
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.