217 Howard StShelbyvilleIN46176
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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
Investment property for sale in Shelbyville at 217 Howard St, Shelbyville, IN, 46176 uses $59,339 cash to close to unlock $3,283/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,348/mo, and a $876/mo payment keeps the spread at $274/mo. Purchase price stands at $179,000, and rental yield measures 9.04% with $1,348/mo rent. Return on cash invested shows 25.44% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 132.3% and total cumulative return in cash records $78,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,348/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1980
5,662 sqft 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: Camelia Cucuruz • Runnebohm Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22062338