111 Hillcrest DrShelbyvilleIN46176
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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
Rental property for sale in Shelbyville at 111 Hillcrest Dr, Shelbyville, IN, 46176 priced at $180,000 converts $1,389/mo rent into $309/mo cash flow after a $881/mo obligation. Total monthly income equals $1,389/mo, and annual cash flow totals $3,702/yr on $59,670 invested. Return on cash invested prints 26.11% in year one, and rental yield reads 9.26% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 135.92% and total cumulative return in cash sums $81,101. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,389/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1952
0.32 Acres 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: Sheila Hubbard • Diverse Property Solutions Ind
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076315