40 Howard St, Converse, IN, 46919 | 2.59% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Converse at 40 Howard St, Converse, IN, 46919 offers a 2.59% rental yield on a $346,898 purchase with $750/mo rent. Equity gained on principal adds $2,238/yr while 5% annual appreciation supports $95,842 over five years. Portfolio math shows five-year ROI at 28.05% and total cumulative return in cash at $32,256. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $750/mo property income against a $1,698/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

0.38 Acres lot

$N/A/sqft

No HOA

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