213 W Griffith St, Shelburn, IN, 47879 | $123/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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213 W Griffith St, Shelburn, IN, 47879 | $123/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 Shelburn at 213 W Griffith St, Shelburn, IN, 47879 uses $69,284 cash to close to unlock $1,480/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $1,378/mo, and a $1,023/mo payment keeps the spread at $123/mo. Purchase price stands at $209,000, and rental yield measures 7.91% with $1,378/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 114.09% and total cumulative return in cash records $79,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,378/mo property income covering a $1,023/mo payment rather than investor’s personal income.

Single Family

Built in 1900

9,300 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Remodeled House in Desirable Shelburn Neighborhood! Step into your dream home! This stunning 3-bedroom, 2 -bathroom residence offers a spacious 1,860 square feet of expertly designed living space that perfectly combines modern conveniences with classic charm. Why You'll Love It: Fully Remodeled: Experience the luxury of a total makeover! New flooring, new windows and fresh paint throughout create a bright and inviting atmosphere. Expansive Kitchen & Dining: Cook and entertain in your oversized kitchen that flows seamlessly into a beautiful dining area, perfect for family gatherings and entertaining friends. Comfort & Efficiency: Enjoy year-round comfort with a new HVAC system and endless hot water with the efficient tankless water heater. Ample Outdoor Space: Relish the outdoors across two decks, a lovely patio and a front porch to relax and unwind on, plus two spacious lots providing extra yard space for activities, gardening, or simply unwinding in your peaceful surroundings. Convenient Parking: Your vehicles will be well accommodated in the two-car garage, providing added convenience and security. Plus, an added shed for the hobbyist! Timeless Details: Delight in charming features like pocket doors that add character and uniqueness to your home. Family-Friendly Neighborhood: Nestled in a good neighborhood, youll enjoy a sense of community while remaining close to local amenities. Whether you're looking for a family home or a serene retreat, this meticulously updated house checks all the boxes. Dont miss out on your chance to own this gem! Schedule your private tour today and see for yourself what makes this property so special.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47879, Shelburn, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,381 (100%)
Owner Occupied HU	955 (69.2%)
Renter Occupied HU	272 (19.7%)
Vacant Housing Units	154 (11.2%)
Median Home Value	$129,265
Average Home Value	$151,958