715 N Seminary St, Roanoke, IN, 46783 | $154/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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715 N Seminary St, Roanoke, IN, 46783 | $154/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Roanoke at 715 N Seminary St, Roanoke, IN, 46783 offers a 7.82% rental yield on a $299,900 purchase with $1,954/mo rent. Total monthly income registers $1,954/mo, and a $1,468/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,843/yr on $99,417 to close, and return on cash invested stands at 21.76% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 112.54% and total cumulative return in cash at $111,880. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,954/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1906

0.87 Acres lot

$N/A/sqft

No HOA

More details about the property

Start Showing Date: 11/1/2025 Coming Soon! Showings start 11/1. You do not want to miss this beautiful 2400 sq foot, 4-bedroom, 3 full bath home, located in the lovely town of Roanoke. The main floor features a living room, den, great room, full bath, primary bedroom and ensuite, along with the newly renovated kitchen and a mud room w/washer and dryer right off of the attached oversized 2 car garage. Upstairs you will find 3 bedrooms and another full bath. This home has had some amazing updates including a complete kitchen makeover, updated bathrooms, flooring, and freshly painted along with roof (2024) Furnace/AC (2018) water heater (2021) Many more updates. You will appreciate waking up to a stunning view of the back yard from the primary bedroom. Plenty of space to grill and entertain on the back deck. With just under an acre lot, you will have plenty of space for gardening or playing. Spacious home and yard. Kitchen appliance and washer and dryer will stay (not warranted). Sell is contingent upon sellers finding suitable housing. Don't delay in scheduling your private tour of this home in a fantastic 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