508 Howard CtFairmountIN46928
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fairmount at 508 Howard Ct, Fairmount, IN, 46928 priced at $136,900 converts $1,750/mo rent into $928/mo cash flow after a $670/mo obligation. Total monthly income equals $1,750/mo, and annual cash flow totals $11,139/yr on $45,382 invested. Return on cash invested prints 44.45% in year one, and rental yield reads 15.34% against a $136,900 entry. Equity gained on principal adds $883/yr, while 5% annual appreciation compiles into $37,823 by year five. Five-year ROI reaches 234.3% and total cumulative return in cash sums $106,329. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,750/mo property income covering a $670/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46928, Fairmount, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,510 (72.7%) |
| Renter Occupied HU | 394 (19.0%) |
| Vacant Housing Units | 173 ( 8.3%) |
| Median Home Value | $142,808 |
| Average Home Value | $185,599 |
Housing Distribution
Address Breakdown
Residential
1,998
Single Family
1,960
Multi-Family
38
Businesses
120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Schroder • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202239620
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.