501 Spring Beach RdRome CityIN46784
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 501 Spring Beach Rd, Rome City, IN, 46784 in Rome City. Priced at $204,900, it generates $1,987/mo in gross rent and $757/mo in net monthly cash flow, a 11.64% yield that comfortably supports the 2.16 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $9,087. Five-year appreciation: $56,610. Equity from principal paydown: $1,887/yr. Total projected cumulative return: $126,276.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.2% |
| Monthly Cash Flow | $757 | $150 |
City averages based on Rome City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,987 |
| Total Monthly Debt Service | $1,148 |
| DSCR Ratio | 1.73x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1930
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices