2415 Derby DrShelbyvilleIN46176
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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
Rental property for sale in Shelbyville at 2415 Derby Dr, Shelbyville, IN, 46176 generates $2,100/mo in rent, after a $2,198/mo payment. Total monthly income is $2,100/mo. Return on cash invested sits at 15.11% in year one, and rental yield is 5.61% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 76.87% and total cumulative return in cash sums $114,412. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,100/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.41 Acres 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: Melissa Mendoza • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079589