Canyonbrook 2 Plan, Cedar Grove, Roanoke, IN, 46783 | 1.13% Rental Yield

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Canyonbrook 2 Plan, Cedar Grove, Roanoke, IN, 46783 | 1.13% Rental Yield | Ziffy

For Sale

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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 Canyonbrook 2 Plan, Cedar Grove, Roanoke, IN, 46783 listed at $415,000 pairs $390/mo rent with a $2,031/mo payment. Total monthly income runs $390/mo. Return on cash invested measures 1.58% in year one, and rental yield registers 1.13% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 4.36% and total cumulative return in cash totals $5,997. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $390/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

The Canyonbrook 2 floor plan offers an open living concept with a spacious great room. Enter the home through a grand 2-story foyer that opens up to a great room featuring a fireplace and large picture windows. The kitchen offers extra countertop space and island. The master suite is located on the main level with walk-in closet and spa-like master bath. The mud room and separate laundry room area are great for kids to drop all of their book bags, coats, and shoes when they get home. The pocket office located off the kitchen is perfect for an office space or even a kids homework zone! Three bedrooms located upstairs with large closets and a full bathroom. Want more? Ask about adding a finished basement or three-car garage!

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