183 W Vine St, Roanoke, IN, 46783 | $289/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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183 W Vine St, Roanoke, IN, 46783 | $289/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

Rental property for sale in Roanoke at 183 W Vine St, Roanoke, IN, 46783 priced at $214,900 converts $1,579/mo rent into $289/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,579/mo, and annual cash flow totals $3,466/yr on $71,239 invested. Return on cash invested prints 24.77% in year one, and rental yield reads 8.82% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 128.68% and total cumulative return in cash sums $91,674. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,579/mo property income covering a $1,052/mo payment, not borrower’s personal income.

Single Family

Built in 1900

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Embrace all of the small-town charm of Roanoke while being minutes to all of the conveniences of Fort Wayne! Perched on a hillside, you will have prime views of all this charming town has to offer. The open feel and extra space will surprise you as you enter this home. Natural light fills the spacious eat-in kitchen with sight-lines open to the living room. A Full bathroom and large W/D hook up are convenient on the main level. A primary bedroom with a second full bathroom are at the front of the home. The 2nd of four bedrooms would be a great office or playroom also on the main level. Upstairs, two additional bedrooms ensure everyone has enough space! Enjoy evenings in the backyard around the fire pit area with poles ready to string your outdoor lights. The detached garage has one overhead door for your vehicle with an entire side opposite for storage or a workshop. Don't miss this chance to move into an sought-after town at an affordable price!

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