7020 N 20 WHoweIN46746
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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
Investment property for sale in Howe at 7020 N 20 W, Howe, IN, 46746 offers a 7.61% rental yield on a $429,900 purchase with $2,726/mo rent. Total monthly income registers $2,726/mo, and a $2,104/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,746/yr on $142,512 to close, and return on cash invested stands at 21.13% in year one. Equity gained on principal adds $2,774/yr while 5% annual appreciation supports $118,773 over five years. Portfolio math shows five-year ROI at 109.17% and total cumulative return in cash at $155,575. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,726/mo property income against a $2,104/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
1.20 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
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