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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% |
Rental property for sale in Fowler at 803 S James Ave, Fowler, IN, 47944 generates $2,179/mo in rent and, after a $1,566/mo payment, leaves $242/mo in cash flow. Total monthly income is $2,179/mo, and annual cash flow is $2,908/yr on $106,080 invested. Return on cash invested sits at 22.65% in year one, and rental yield is 8.17% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 117.38% and total cumulative return in cash sums $124,515. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,179/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.39 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 |
|---|---|---|
| 2025-03-21 | Sold | $320,000 |
| 2025-02-20 | Listed for sale | $329,000 |
| 2024-12-30 | Listing removed | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2846.94 | 2.86% | $282,600 | 13.27% |
| 2023-10-24 | $2767.68 | 25.09% | $249,500 | 4.88% |
| 2022-10-24 | $2212.60 | 17.07% | $237,900 | 24.10% |
Listed by: Brock Garrelts • Burton Farm And Home Realty, LLC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202505238
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.
