690 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 690 Spring Beach Rd, Rome City, IN, 46784 earns from $3,173/mo rent with a $5,873/mo payment. Total monthly income totals $3,173/mo. ROI tracks 7.93% on current figures, and rental yield reads 3.17% at a $1,200,000 purchase. Equity gained on principal adds $7,743/yr, and 5% annual appreciation supports $331,538 over five years. Five-year ROI reaches 38.26% and total cumulative return in cash sums $148,751. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,173/mo property income instead of your personal income.
Single Family
Built in 1930
0.39 Acres 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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