306 Spring Beach RdRome 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 306 Spring Beach Rd, Rome City, IN, 46784 earns from $2,095/mo rent with a $3,230/mo payment. Total monthly income totals $2,095/mo. ROI tracks 9.47% on current figures, and rental yield reads 3.81% at a $659,900 purchase. Equity gained on principal adds $4,258/yr, and 5% annual appreciation supports $182,318 over five years. Five-year ROI reaches 46.67% and total cumulative return in cash sums $101,330. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,095/mo property income instead of your personal income.
Single Family
Built in 1975
0.47 Acres lot
$N/A/sqft
$50 optional 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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Listed by: Brittany N Miller • Hosler Realty Inc - Kendallville
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521699
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.