2500 N Richard 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
Investment property for sale in Shelbyville at 2500 N Richard Dr, Shelbyville, IN, 46176 offers a 9.33% rental yield on a $145,000 purchase with $1,127/mo rent. Total monthly income registers $1,127/mo, and a $710/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,075/yr on $48,068 to close, and return on cash invested stands at 26.31% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 136.97% and total cumulative return in cash at $65,840. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,127/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.63 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: Sarah Milner • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059265