101 W Locust StShelbyvilleIN46176
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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
Investment property for sale in Shelbyville at 101 W Locust St, Shelbyville, IN, 46176 at $185,000 posts ROI 25.97% with $310/mo cash flow from $1,420/mo rent. Total monthly income equals $1,420/mo, and annual cash flow records $3,720/yr on $61,328 to close. Return on cash invested measures 25.97% and rental yield reads 9.21% at the current $185,000. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 by year five. Five-year ROI prints 135.1% and total cumulative return in cash totals $82,851.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,420/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46176, Shelbyville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,985 (100%) |
| Owner Occupied HU | 7,772 (59.9%) |
| Renter Occupied HU | 4,166 (32.1%) |
| Vacant Housing Units | 1,047 ( 8.1%) |
| Median Home Value | $192,419 |
| Average Home Value | $222,027 |
Housing Distribution
Address Breakdown
Residential
12,248
Single Family
11,467
Multi-Family
781
Businesses
1,027
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Listed by: Rebecca Wezensky • S & R Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073732