8415 E State Route 120, Howe, IN, 46746 | 6.96% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Howe at 8415 E State Route 120, Howe, IN, 46746 earns from $1,357/mo rent with a $1,145/mo payment. Total monthly income totals $1,357/mo. ROI tracks 19.18% on current figures, and rental yield reads 6.96% at a $234,000 purchase. Equity gained on principal adds $1,510/yr, and 5% annual appreciation supports $64,650 over five years. Five-year ROI reaches 98.68% and total cumulative return in cash sums $76,551. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,357/mo property income instead of your personal income.

Single Family

Built in N/A

1 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