521 Howard Ct, Fairmount, IN, 46928 | $536/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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521 Howard Ct, Fairmount, IN, 46928 | $536/mo Cash Flow | Ziffy

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 Fairmount at 521 Howard Ct, Fairmount, IN, 46928 offers a 10.13% rental yield on a $219,900 purchase with $1,856/mo rent. Total monthly income registers $1,856/mo, and a $1,076/mo payment leaves $536/mo available for distribution. Annual cash flow reaches $6,435/yr on $72,897 to close, and return on cash invested stands at 28.74% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 149.99% and total cumulative return in cash at $109,336. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,856/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 4 BR, 2.5 BA ranch that combines comfort, space, and thoughtful design. Step into the foyer and into a spacious living room anchored by a southern-facing bay window that fills the home with natural light. To one side, youll find generously sized guest bedrooms and a full bath. At the center of the home, the kitchen acts as the true heart with its breakfast bar, all appliances included, walk-in pantry, and eat-in dining area that opens into the inviting family room with limestone fireplace, custom built-in bookshelves and 2 benches with storage below . Morning routines are a delight in the large enclosed porch overlooking the yard. The split layout offers privacy for the primary suite, featuring a tiled walk-in shower, built-in linen cabinet, and two fantastic oversized walk-in closets with built-in closet organizers to keep everything in its place. Outside, enjoy a roomy garage with extra storage, dual driveway entrances, and the bonus of an asphalt padperfect for a basketball goal, recreation, or additional parking. A home full of character, space, and flexibility for modern living! As per owner, the 3 guest bedrooms have original hardwood floors. .

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