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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Roanoke at Phoenixwood Plan, Cedar Grove, Roanoke, IN, 46783 priced at $370,000 converts $2,100/mo rent into after a $1,811/mo obligation. Total monthly income equals $2,100/mo. Return on cash invested prints 18.72% in year one, and rental yield reads 6.81% against a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 96.24% and total cumulative return in cash sums $118,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,100/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46783, Roanoke, IN area.
| 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 |
Residential
2,841
Single Family
2,806
Multi-Family
35
Businesses
220
Date | Event | Price |
|---|---|---|
| 2025-02-19 | Price change | $370,000 |
| 2024-12-11 | Listed for sale | $255,150 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Granite Ridge Builders
Mls Name: Granite Ridge Builders
Mls Provider:
Mls ID: #N/A
