2488 E Old Rushville RdShelbyvilleIN46176
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2488 E Old Rushville Rd, Shelbyville, IN, 46176 uses $82,842 cash to close to unlock $5,748/yr annual cash flow and $479/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,223/mo payment keeps the spread at $479/mo. Purchase price stands at $249,900, and rental yield measures 9.5% with $1,979/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 139.86% and total cumulative return in cash records $115,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.85 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Merle Fansler • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073162