230 E Allen StRoannIN46974
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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
Investment Highlights
Investment property for sale in Roann at 230 E Allen St, Roann, IN, 46974 with 5% annual appreciation on a $135,000 basis while $1,064/mo rent supports operations. Total monthly income totals $1,064/mo and a $661/mo payment preserves $253/mo for cash returns. Annual cash flow comes to $3,040/yr on $44,753 deployed, and return on cash invested reaches 26.7% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 9.46%. Five-year ROI measures 139.11% and total cumulative return in cash totals $62,257.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,064/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46974, Roann, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 548 (78.5%) |
| Renter Occupied HU | 98 (14.0%) |
| Vacant Housing Units | 52 ( 7.4%) |
| Median Home Value | $239,041 |
| Average Home Value | $253,152 |
Housing Distribution
Address Breakdown
Residential
495
Single Family
495
Multi-Family
0
Businesses
36
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Listed by: Deonna Holland • Holland Realty Group, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509822
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.