8349 Kannon DrLowellIN46356
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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 Lowell at 8349 Kannon Dr, Lowell, IN, 46356 generates $2,274/mo in rent and, after a $1,444/mo payment, leaves $312/mo in cash flow. Total monthly income is $2,274/mo, and annual cash flow is $3,745/yr on $97,789 invested. Return on cash invested sits at 23.74% in year one, and rental yield is 9.25% on a $294,990 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,500 over five years. Five-year ROI reaches 124.02% and total cumulative return in cash sums $121,283. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,274/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
0.70 Acres lot
$N/A/sqft
$191 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46356, Lowell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,032 (100%) |
| Owner Occupied HU | 6,541 (81.4%) |
| Renter Occupied HU | 1,041 (13.0%) |
| Vacant Housing Units | 450 ( 5.6%) |
| Median Home Value | $310,836 |
| Average Home Value | $337,461 |
Housing Distribution
Address Breakdown
Residential
7,673
Single Family
7,411
Multi-Family
262
Businesses
382
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Listed by: Nicole Milford • Compass Indiana, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #818810
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