2342 E 160 SFowlerIN47944
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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
Investment property for sale in Fowler at 2342 E 160 S, Fowler, IN, 47944 uses $84,533 cash to close to unlock $4,252/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,885/mo, and a $1,248/mo payment keeps the spread at $354/mo. Purchase price stands at $255,000, and rental yield measures 8.87% with $1,885/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 129.6% and total cumulative return in cash records $109,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,885/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1916
2.42 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
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Listed by: Elizabeth Hobbs • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202425362
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.