7951 E Manitou Trl #92RoanokeIN46783
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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
Rental property for sale in Roanoke at 7951 E Manitou Trl #92, Roanoke, IN, 46783 generates $5,724/mo in rent, after a $4,992/mo payment. Total monthly income is $5,724/mo. Return on cash invested sits at 18.71% in year one, and rental yield is 6.73% on a $1,020,000 entry. Equity gained on principal adds $6,582/yr, while 5% annual appreciation builds toward $281,807 over five years. Five-year ROI reaches 96.15% and total cumulative return in cash sums $317,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,724/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
6.38 Acres lot
$N/A/sqft
$700 annually 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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Listed by: Joelle Ruefer • Encore Sotheby's International Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202421953
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.