11647 N Us Highway 231 Hwy #231RoachdaleIN46172
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 11647 N Us Highway 231 Hwy #231, Roachdale, IN, 46172 in Roachdale is capital appreciation. Rental yield 1.77%. The 1.77% gross yield at $650,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $179,583 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.33) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $56,639.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.8% | 7.0% |
| Monthly Cash Flow | $(2,942) | $350 |
City averages based on Roachdale market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $960 |
| Total Monthly Debt Service | $3,643 |
| DSCR Ratio | 0.26x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
10.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46172, Roachdale, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,080 (100%) |
| Owner Occupied HU | 814 (75.4%) |
| Renter Occupied HU | 173 (16.0%) |
| Vacant Housing Units | 93 ( 8.6%) |
| Median Home Value | $204,615 |
| Average Home Value | $227,463 |
Housing Distribution
Address Breakdown
Residential
703
Single Family
688
Multi-Family
15
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
10.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46172, Roachdale, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,080 (100%) |
| Owner Occupied HU | 814 (75.4%) |
| Renter Occupied HU | 173 (16.0%) |
| Vacant Housing Units | 93 ( 8.6%) |
| Median Home Value | $204,615 |
| Average Home Value | $227,463 |
Housing Distribution
Address Breakdown
Residential
703
Single Family
688
Multi-Family
15
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices