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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 Shoals at 0 N State Rd #450, Shoals, IN, 47581 priced at $729,900 pairs $3,704/mo rent with after a $3,573/mo payment. Total monthly income equals $3,704/mo. Return on cash invested is 16.68% in year one, and rental yield stands at 6.09% on a $729,900 basis. Equity gained on principal adds $4,710/yr, and 5% annual appreciation accumulates to $201,658 by year five. Five-year ROI measures 85.25% and total cumulative return in cash reaches $204,715. For financing, Ziffy Mortgage’s DSCR program evaluates $3,704/mo property income against a $3,573/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
90 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47581, Shoals, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,723 (100%) |
| Owner Occupied HU | 1,165 (67.6%) |
| Renter Occupied HU | 285 (16.5%) |
| Vacant Housing Units | 273 (15.8%) |
| Median Home Value | $172,500 |
| Average Home Value | $214,461 |
Residential
1,368
Single Family
1,368
Multi-Family
0
Businesses
92
Date | Event | Price |
|---|---|---|
| 2024-10-02 | Price change | $729,900 |
| 2024-09-11 | Price change | $759,900 |
| 2024-07-29 | Price change | $798,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Zach Holt • Whitetail Properties Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202419078
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
