3069 E 1200 N, Roanoke, IN, 46783 | 5.35% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3069 E 1200 N, Roanoke, IN, 46783 | 5.35% Rental Yield | 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

Total monthly income runs $3,680/mo, and a $4,038/mo payment. Purchase price stands at $825,000, and rental yield measures 5.35% with $3,680/mo rent. Return on cash invested shows 14.43% in year one, and 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 73.21% and total cumulative return in cash records $198,705. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,680/mo property income covering a $4,038/mo payment rather than investor’s personal income.

Single Family

Built in 1999

13 Acres lot

$N/A/sqft

No HOA

More details about the property

Come home to 13 private, wooded acres and a Hakes and Robrock built brick ranch on walkout basement. The chef deluxe kitchen is sure to please with sprawling Corian countertops, beautiful island, and walk-in pantry. Lovely oak hardwood floors in the foyer, great room, breakfast area, and kitchen. Inviting 4 season room with separate heat and AC to enjoy all year long with access to the new composite Trex deck and railing. Primary bedroom suite on the main floor with tile walk-in shower. Second bedroom and full bath also on main floor plus an attractive office with french doors just off the foyer. Lower level features another bedroom and full bath plus a wonderful kitchenette, family room and recreation room, and LOTS of storage in the unfinished area. Note the new carpet in office, staircase, and lower level in 2025. Also note the whole house generator new in 2024 for peace of mind, irrigation system, whole house air filtration system, tankless water heater, and energy efficient HVAC system. The 3-car garage boasts a deep sink and EV charger. Don't miss the extensive stone steps from the driveway to the lower-level walkout. Truly a great for entertaining and peaceful for daily living.

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