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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 12947 Ernst Rd, Roanoke, IN, 46783 offers a 6.09% rental yield on a $524,900 purchase with $2,666/mo rent. 69% in year one. Equity gained on principal adds $3,387/yr while 5% annual appreciation supports $145,020 over five years. Portfolio math shows five-year ROI at 85.32% and total cumulative return in cash at $147,349. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,666/mo property income against a $2,569/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
2.10 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 |
|---|---|---|
| 2025-08-03 | Listed for sale | $524,900 |
| 2013-08-09 | Sold | $235,000 |
| 2013-07-07 | Listed for sale | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-05 | $2297.78 | 104.03% | $173,400 | 33.38% |
| 2023-08-05 | $1126.20 | -5.25% | $130,000 | 72.64% |
| 2022-08-05 | $1188.56 | -3.08% | $75,300 | N/A |
Listed by: Brooks Taylor • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530547
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.
