7347 E Indian Creek RdRoanokeIN46783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Roanoke at 7347 E Indian Creek Rd, Roanoke, IN, 46783 priced at $1,179,999 pairs $390/mo rent with after a $5,776/mo payment. Total monthly income equals $390/mo. Return on cash invested is -0.64% in year one, and rental yield stands at 0.4% on a $1,179,999 basis. Equity gained on principal adds $7,614/yr, and 5% annual appreciation accumulates to $326,012 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $390/mo property income against a $5,776/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
6.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerri Morningstar • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525219
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.