36 Howard St, Converse, IN, 46919 | 2.69% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

36 Howard St, Converse, IN, 46919 | 2.69% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

Investment Property+ 1 more

3 Bed
2 Bath
1204 sft

626 S Wabash Ave, Kokomo, IN, 46901

Investment Property+ 1 more

3 Bed
2 Bath
1116 sft

1227 S Main St, Kokomo, IN, 46902

2 Bed
2 Bath
1056 sft

1318 S Jay St, Kokomo, IN, 46902

Investment Property+ 1 more

3 Bed
2 Bath
1202 sft

1348 S Waugh St, Kokomo, IN, 46902

Nearby investment properties with comparable prices

2 Bed
3 Bath
2208 sft

6239 E 300 S, Kokomo, IN, 46902

4 Bed
3 Bath
2624 sft

3401 Tally Ho Dr, Kokomo, IN, 46902

3 Bed
3 Bath
2040 sft

2311 W Carter St, Kokomo, IN, 46901

3 Bed
3 Bath
2916 sft

4334 E 100 N, Kokomo, IN, 46901

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Converse at 36 Howard St, Converse, IN, 46919 priced at $334,981 pairs $750/mo rent with after a $1,640/mo payment. Total monthly income equals $750/mo. Return on cash invested is 6.28% in year one, and rental yield stands at 2.69% on a $334,981 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,549 by year five. Five-year ROI measures 29.51% and total cumulative return in cash reaches $32,774. For financing, Ziffy Mortgage’s DSCR program evaluates $750/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautiful 3-bedroom, 2-bath ranch located in the desirable Borderman Crossing subdivision. Overlooking a peaceful pond, this home offers both comfort and style with thoughtful upgrades throughout. The open-concept living area features chamfered ceilings and rounded drywall corners, creating a spacious yet inviting atmosphere. The kitchen is equipped with rich hickory cabinets in a warm walnut stain, complementing the modern finishes and flowing seamlessly into the main living space. The primary suite offers a luxurious walk-in shower, a generous walk-in closet, and marble countertops in the bathroom for a touch of elegance. Additional highlights include plank flooring, upgraded carpet, Andersen windows, and a large front porch perfect for relaxing or greeting guests. The 3-car garage provides ample storage and functionality for daily living. Don't miss your chance to own this serene, pond-view home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46919, Converse, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	961 (100%)
Owner Occupied HU	676 (70.3%)
Renter Occupied HU	185 (19.3%)
Vacant Housing Units	100 (10.4%)
Median Home Value	$196,330
Average Home Value	$273,295