670 Chadings Dr, Roanoke, IN, 46783 | $732/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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670 Chadings Dr, Roanoke, IN, 46783 | $732/mo Cash Flow | Ziffy

Pending

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

Rental property for sale in Roanoke at 670 Chadings Dr, Roanoke, IN, 46783 offers $2,407/mo rent that, after a $1,366/mo payment, leaves $732/mo cash flow. Total monthly income is $2,407/mo, and annual cash flow is $8,781/yr on $92,489 cash. Return on cash invested measures 29.4% in year one, and rental yield stands at 10.35% at a $279,000 entry. Equity gained on principal adds $1,800/yr while 5% annual appreciation compounds into $77,083 by year five. Five-year ROI records 153.51% and total cumulative return in cash reaches $141,979. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,407/mo property income versus a $1,366/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2003

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

HELLO Roanoke Bluffs, where comfort meets convenience in this beautifully updated two-story home. Step inside and be greeted by soaring vaulted ceilings and a loft that overlooks the light-filled living area framed by stunning windows. The main-level primary suite is a true retreat, featuring a remodeled bathroom with modern finishes and a spacious walk-in closet. Upstairs, youll find two additional bedrooms and a full bathroom, plus the open loft space perfect for a home office, play area, or reading nook. Fresh paint, brand-new flooring, updated countertops, and a stylish new backsplash give the kitchen and main level a crisp, move-in-ready feel. Plus, with a brand-new roof, major updates are already done for you. Out back, the fully fenced yard is designed for both relaxation and entertaining complete with a new patio, pergola, and hot tub. A huge man shed (previously home to a golf simulator) offers endless possibilities for hobbies, workouts, or extra storage. Just minutes from I-69 and I-469, this welcoming home blends modern updates with a cozy, homey vibe in a sought-after location.

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