Rubywood 1 Plan, Cedar Grove, Roanoke, IN, 46783 | $29/mo Cash Flow

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Rubywood 1 Plan, Cedar Grove, Roanoke, IN, 46783 | $29/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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 Rubywood 1 Plan, Cedar Grove, Roanoke, IN, 46783 offers a 7.3% rental yield on a $345,000 purchase with $2,100/mo rent. Total monthly income registers $2,100/mo, and a $1,689/mo payment leaves $29/mo available for distribution. Annual cash flow reaches $343/yr on $114,368 to close, and return on cash invested stands at 20.21% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 104.23% and total cumulative return in cash at $119,200. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

The Rubywood floor plan is a ranch home with an open living concept. The kitchen features an island and breakfast bar and opens up to the nook and great room. The great room includes a cathedral ceiling and large picture windows. This plan includes three bedrooms with large closets and two full bathrooms. The spacious master suite features a walk-in closet and private bathroom.

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