456 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
Rental property for sale in Rome City at 456 Spring Beach Rd, Rome City, IN, 46784 offers $2,640/mo rent that, after a $3,744/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 10.75% in year one, and rental yield stands at 4.14% at a $765,000 entry. Equity gained on principal adds $4,936/yr while 5% annual appreciation compounds into $211,355 by year five. Five-year ROI records 53.48% and total cumulative return in cash reaches $134,591. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $3,744/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,534 sqft 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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