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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Fowler at 604 W 2nd St, Fowler, IN, 47944 listed at $389,777 pairs $2,396/mo rent with a $1,908/mo payment to leave $56/mo cash flow. Total monthly income runs $2,396/mo, and annual cash flow reaches $672/yr on $129,211 cash to close. Return on cash invested measures 20.43% in year one, and rental yield registers 7.38% at a $389,777 basis. Equity gained on principal adds $2,515/yr, and annual property appreciation at 5% supports $107,688 by year five. Five-year ROI tracks 105.37% and total cumulative return in cash totals $136,150. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,396/mo property income relative to a $1,908/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47944, Fowler, IN area.
| 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 |
Residential
1,477
Single Family
1,467
Multi-Family
10
Businesses
155
Date | Event | Price |
|---|---|---|
| 2025-06-28 | Listed for sale | $389,777 |
| 2022-02-11 | Sold | $270,000 |
| 2022-01-11 | Pending sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-30 | $2540.32 | 13.44% | $219,400 | 10.70% |
| 2023-06-30 | $2239.28 | 25.43% | $198,200 | 14.83% |
| 2022-06-30 | $1785.28 | 8.98% | $172,600 | 24.17% |
What's Special
Pull Down Stairs,Storage
Listed by: Christine V McCutcheon • New Beginnings Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524948
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.
