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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% |
Investment property for sale in Roanoke at 1034 N Main St, Roanoke, IN, 46783 offers a 11.21% rental yield on a $279,900 purchase with $2,614/mo rent. Total monthly income registers $2,614/mo, and a $1,370/mo payment leaves $918/mo available for distribution. Annual cash flow reaches $11,021/yr on $92,787 to close, and return on cash invested stands at 31.79% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 166.38% and total cumulative return in cash at $154,381. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,614/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46783, Roanoke, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,103 (100%) |
| Owner Occupied HU | 2,612 (84.2%) |
| Renter Occupied HU | 312 (10.1%) |
| Vacant Housing Units | 179 ( 5.8%) |
| Median Home Value | $312,289 |
| Average Home Value | $349,443 |
Residential
2,841
Single Family
2,806
Multi-Family
35
Businesses
220
Date | Event | Price |
|---|---|---|
| 2023-02-17 | Sold | $253,000 |
| 2023-01-24 | Pending sale | $250,000 |
| 2023-01-17 | Listed for sale | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $2507.92 | 19.08% | $268,300 | 7.49% |
| 2023-03-20 | $2106.00 | 10.78% | $249,600 | 18.01% |
| 2022-03-20 | $1901.00 | 8.75% | $211,500 | 10.79% |
Listed by: Sarah Spenn • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508791
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.
