9803 Iron Bridge RdRoanokeIN46783
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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 9803 Iron Bridge Rd, Roanoke, IN, 46783 generates $4,880/mo in rent and, after a $3,303/mo payment, leaves $829/mo in cash flow. Total monthly income is $4,880/mo, and annual cash flow is $9,948/yr on $222,042 invested. Return on cash invested sits at 24.54% in year one, and rental yield is 8.68% on a $674,900 entry. Equity gained on principal adds $4,355/yr, while 5% annual appreciation builds toward $186,462 over five years. Five-year ROI reaches 127.4% and total cumulative return in cash sums $282,871. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,880/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
2.60 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
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