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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 Shirley at 1229 Lake Dr, Shirley, IN, 47384 offers $0/mo rent that, after a $1,419/mo payment. Total monthly income is $0/mo. Return on cash invested measures -1.86% in year one, and rental yield stands at 0% at a $289,900 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,094 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,583 sqft lot
$N/A/sqft
$40 annually 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 |
|---|---|---|
| 2025-03-05 | Sold | $289,900 |
| 2025-02-02 | Pending sale | $289,900 |
| 2024-11-18 | Price change | $289,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
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Listed by: Caleb Cleek • Jeff Boone Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21999246
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 23:48:10 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
