180 W 6th St, Roanoke, IN, 46783 | $130/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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180 W 6th St, Roanoke, IN, 46783 | $130/mo Cash Flow | Ziffy

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 Roanoke at 180 W 6th St, Roanoke, IN, 46783 offers a 7.76% rental yield on a $280,000 purchase with $1,810/mo rent. Total monthly income registers $1,810/mo, and a $1,370/mo payment leaves $130/mo available for distribution. Annual cash flow reaches $1,556/yr on $92,820 to close, and return on cash invested stands at 21.59% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 111.59% and total cumulative return in cash at $103,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,810/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 1900

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

180 W Sixth Street. An oldie but a goodie home in Roanoke. Several updates have been done, with some yet to do. 4 bedrooms, 2 full baths, 2200 sq ft, large lot. As you walk in the door, you will see the tastefully done updates. Large living room with high ceilings throughout. Hardwood flooring. Large tiled kitchen space with room for gatherings plus an additional dining room. Full bath with bathtub on main level. Circle around from the kitchen to the stairs to head up to the bedrooms. Large master bedroom with added closet space. All 3 other bedrooms are well-sized. All have hardwood floors. Full bathroom with shower and laundry. Enjoy the front porch for an evening swing to relax. Nice side concrete patio with fire pit & privacy fence. Large parking area in the back. Attached two-car garage & shed. Come take a look and bring your ideas to continue to improve this high-on-the-hill beauty. Now awaiting the new owners.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46783, Roanoke, IN area.

Housing Distribution

Housing Statistics

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