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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 Roanoke at 11209 Montara Cv, Roanoke, IN, 46783 generates $2,300/mo in rent and, after a $1,336/mo payment, leaves $646/mo in cash flow. Total monthly income is $2,300/mo, and annual cash flow is $7,750/yr on $90,500 invested. Return on cash invested sits at 28.47% in year one, and rental yield is 10.11% on a $273,000 entry. Equity gained on principal adds $1,762/yr, while 5% annual appreciation builds toward $75,425 over five years. Five-year ROI reaches 148.6% and total cumulative return in cash sums $134,479. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,300/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
8,276 sqft lot
$N/A/sqft
$187 annually 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 |
|---|---|---|
| 2024-11-22 | Sold | $273,000 |
| 2024-10-24 | Pending sale | $278,000 |
| 2024-09-27 | Listed for sale | $278,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1908.28 | 26.26% | $248,400 | 1.93% |
| 2023-11-01 | $1511.42 | 5.05% | $243,700 | 13.09% |
| 2022-11-01 | $1438.70 | 11.59% | $215,500 | 7.91% |
Listed by: Kimberly Braaten • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437445
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.
