6885 N 315 EHoweIN46746
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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
Rental property for sale in Howe at 6885 N 315 E, Howe, IN, 46746 generates $1,094/mo in rent and, after a $553/mo payment, leaves $416/mo in cash flow. Total monthly income is $1,094/mo, and annual cash flow is $4,989/yr on $37,460 invested. Return on cash invested sits at 33.23% in year one, and rental yield is 11.62% on a $113,000 entry. Equity gained on principal adds $729/yr, while 5% annual appreciation builds toward $31,220 over five years. Five-year ROI reaches 174.03% and total cumulative return in cash sums $65,189. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,094/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
4,800 sqft 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
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