298 Front StRome CityIN46784
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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 Rome City at 298 Front St, Rome City, IN, 46784 uses $44,753 cash to close to unlock $3,244/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,081/mo, and a $661/mo payment keeps the spread at $270/mo. Purchase price stands at $135,000, and rental yield measures 9.61% with $1,081/mo rent. Return on cash invested shows 27.16% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 141.55% and total cumulative return in cash records $63,349. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,081/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46784, Rome City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,320 (100%) |
| Owner Occupied HU | 777 (58.9%) |
| Renter Occupied HU | 195 (14.8%) |
| Vacant Housing Units | 348 (26.4%) |
| Median Home Value | $296,918 |
| Average Home Value | $342,043 |
Housing Distribution
Address Breakdown
Residential
895
Single Family
879
Multi-Family
16
Businesses
49
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