503 S Park DrFowlerIN47944
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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 503 S Park Dr, Fowler, IN, 47944 offers a 7.39% rental yield on a $315,000 purchase with $1,941/mo rent. Total monthly income registers $1,941/mo, and a $1,542/mo payment leaves $50/mo available for distribution. Annual cash flow reaches $598/yr on $104,423 to close, and return on cash invested stands at 20.48% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 105.66% and total cumulative return in cash at $110,333. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,941/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.70 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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