703 S Park PlFowlerIN47944
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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 Fowler at 703 S Park Pl, Fowler, IN, 47944 priced at $238,000 pairs $1,866/mo rent with $437/mo cash flow after a $1,165/mo payment. Total monthly income equals $1,866/mo, and annual cash flow comes to $5,247/yr on $78,897 invested. Return on cash invested is 26.56% in year one, and rental yield stands at 9.41% on a $238,000 basis. Equity gained on principal adds $1,536/yr, and 5% annual appreciation accumulates to $65,755 by year five. Five-year ROI measures 138.3% and total cumulative return in cash reaches $109,114. For financing, Ziffy Mortgage’s DSCR program evaluates $1,866/mo property income against a $1,165/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47944, Fowler, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,477
Single Family
1,467
Multi-Family
10
Businesses
155
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Listed by: James A Cackley • Cackley Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438180
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.