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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fowler at 300 E 6th St, Fowler, IN, 47944 offers $1,225/mo rent that, after a $734/mo payment, leaves $325/mo cash flow. Total monthly income is $1,225/mo, and annual cash flow is $3,898/yr on $49,692 cash. Return on cash invested measures 27.75% in year one, and rental yield stands at 9.81% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 144.67% and total cumulative return in cash reaches $71,891. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,225/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47944, Fowler, IN area.
| 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 |
Residential
1,477
Single Family
1,467
Multi-Family
10
Businesses
155
Date | Event | Price |
|---|---|---|
| 2025-04-19 | Listed for sale | $149,900 |
| 2018-07-25 | Sold | $24,000 |
| 2018-06-15 | Listed for sale | $39,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $877.50 | -45.81% | $45,000 | 17.49% |
| 2023-04-22 | $1619.32 | 21.70% | $38,300 | -45.36% |
| 2022-04-22 | $1330.56 | 25.53% | $70,100 | 21.70% |
Listed by: Christine V McCutcheon • New Beginnings Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513648
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.
