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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 194 W 6th St, Roanoke, IN, 46783 priced at $195,000 converts $1,316/mo rent into $146/mo cash flow after a $954/mo obligation. Total monthly income equals $1,316/mo, and annual cash flow totals $1,750/yr on $64,643 invested. Return on cash invested prints 22.62% in year one, and rental yield reads 8.1% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 117.12% and total cumulative return in cash sums $75,706. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,316/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.37 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 |
|---|---|---|
| 2025-03-12 | Listed for sale | $195,000 |
| 2013-04-04 | Sold | $84,000 |
| 2012-12-11 | Listed for sale | $84,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | $1359.64 | 4.35% | $148,900 | 7.12% |
| 2023-03-13 | $1303.00 | 14.00% | $139,000 | 6.68% |
| 2022-03-13 | $1143.00 | 8.86% | $130,300 | 14.00% |
Listed by: Cynthia Garrett • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507830
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.
