501 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 501 Spring Beach Rd, Rome City, IN, 46784 offers a 11.64% rental yield on a $204,900 purchase with $1,987/mo rent. Total monthly income registers $1,987/mo, and a $1,003/mo payment leaves $757/mo available for distribution. Annual cash flow reaches $9,083/yr on $67,924 to close, and return on cash invested stands at 33.28% in year one. Equity gained on principal adds $1,322/yr while 5% annual appreciation supports $56,610 over five years. Portfolio math shows five-year ROI at 174.31% and total cumulative return in cash at $118,402. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,987/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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