5300 N State Road 3HoweIN46746
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 5300 N State Road 3, Howe, IN, 46746 in Howe is straightforward: $265,000 in, $1,895/mo in rent, $304/mo out after debt service. The 8.58% gross yield and 1.59 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $73,215 by year five. With $2,441/yr in principal equity, the total cumulative return is projected at $119,863.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.2% |
| Monthly Cash Flow | $304 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,895 |
| Total Monthly Debt Service | $1,485 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1914
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46746, Howe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,869 (100%) |
| Owner Occupied HU | 1,409 (75.4%) |
| Renter Occupied HU | 257 (13.8%) |
| Vacant Housing Units | 203 (10.9%) |
| Median Home Value | $251,763 |
| Average Home Value | $306,789 |
Housing Distribution
Address Breakdown
Residential
1,424
Single Family
1,424
Multi-Family
0
Businesses
92
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
Single Family
Built in 1914
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46746, Howe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,869 (100%) |
| Owner Occupied HU | 1,409 (75.4%) |
| Renter Occupied HU | 257 (13.8%) |
| Vacant Housing Units | 203 (10.9%) |
| Median Home Value | $251,763 |
| Average Home Value | $306,789 |
Housing Distribution
Address Breakdown
Residential
1,424
Single Family
1,424
Multi-Family
0
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices