8740 N 700th Rd WRoannIN46974
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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 Roann at 8740 N 700th Rd W, Roann, IN, 46974 offers a 2.83% rental yield on a $449,900 purchase with $1,060/mo rent. 71% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 31.81% and total cumulative return in cash at $47,446. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,060/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
5.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46974, Roann, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 548 (78.5%) |
| Renter Occupied HU | 98 (14.0%) |
| Vacant Housing Units | 52 ( 7.4%) |
| Median Home Value | $239,041 |
| Average Home Value | $253,152 |
Housing Distribution
Address Breakdown
Residential
495
Single Family
495
Multi-Family
0
Businesses
36
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Listed by: Khristy Baugher • Carrie Gruel & Associates, REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510397
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