6307 N 500 ERoanokeIN46783
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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 Roanoke at 6307 N 500 E, Roanoke, IN, 46783 listed at $324,900 pairs $1,433/mo rent with a $1,590/mo payment. Total monthly income runs $1,433/mo. Return on cash invested measures 14.15% in year one, and rental yield registers 5.29% at a $324,900 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,764 by year five. Five-year ROI tracks 71.69% and total cumulative return in cash totals $77,213. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,433/mo property income relative to a $1,590/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
1.43 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,841
Single Family
2,806
Multi-Family
35
Businesses
220
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