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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% |
Investment property for sale in Shirley at 1078 Lake Dr, Shirley, IN, 47384 listed at $249,000 pairs $0/mo rent with a $1,219/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -1.82% in year one, and rental yield registers 0% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47384, Shirley, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 634 (76.8%) |
| Renter Occupied HU | 131 (15.9%) |
| Vacant Housing Units | 60 ( 7.3%) |
| Median Home Value | $212,745 |
| Average Home Value | $304,550 |
Residential
535
Single Family
535
Multi-Family
0
Businesses
36
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Edward Neu • Neu Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061591
