201 W Hendricks St, Shelbyville, IN, 46176 | $780/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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201 W Hendricks St, Shelbyville, IN, 46176 | $780/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Shelbyville at 201 W Hendricks St, Shelbyville, IN, 46176 with 5% annual appreciation on a $219,900 basis while $2,100/mo rent supports operations. Total monthly income totals $2,100/mo and a $1,076/mo payment preserves $780/mo for cash returns. Annual cash flow comes to $9,363/yr on $72,897 deployed, and return on cash invested reaches 32.75% in year one. Equity gained on principal adds $1,419/yr, and five-year appreciation sums $60,754 alongside rental yield of 11.46%. Five-year ROI measures 171.54% and total cumulative return in cash totals $125,044.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,100/mo property income versus a $1,076/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1900

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into timeless charm with this 4-bedroom, 2-bath home built in 1900, offering the perfect blend of historic character and modern updates. As you enter, you're welcomed by an open staircase and tall ceilings that create a grand first impression. The home features spacious rooms and thoughtful details throughout, making it as functional as it is inviting. The kitchen has been beautifully updated with stainless steel appliances, a stylish tile backsplash, and granite countertops. Both bathrooms have been recently remodeled, and a barn door leads to the large laundry room, adding a touch of farmhouse flair. Off the master bedroom, you'll find a nursery or bonus room, ideal for a variety of uses. Some bedrooms feature walk-in closets, and the entire home showcases plenty of character. Situated on a corner lot in town, the property includes a storage shed for added convenience. With its mix of history, charm, and modern amenities, this home is ready for its next chapter.

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