2392 Steeple Chase, Shelbyville, IN, 46176 | 7.17% Rental Yield

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

Total monthly income runs $1,493/mo, and a $1,224/mo payment. Purchase price stands at $250,000, and rental yield measures 7.17% with $1,493/mo rent. Return on cash invested shows 19.79% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 101.95% and total cumulative return in cash records $84,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,493/mo property income covering a $1,224/mo payment rather than investor’s personal income.

Condo

Built in 1997

3,310 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