301 S Grant AveFowlerIN47944
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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 Fowler at 301 S Grant Ave, Fowler, IN, 47944 priced at $165,000 converts $1,239/mo rent into $248/mo cash flow after a $808/mo obligation. Total monthly income equals $1,239/mo, and annual cash flow totals $2,977/yr on $54,698 invested. Return on cash invested prints 25.35% in year one, and rental yield reads 9.01% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 131.87% and total cumulative return in cash sums $72,131. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,239/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1880
2,343 sqft 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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