34 Mildred 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
Rental property for sale in Shelbyville at 34 Mildred St, Shelbyville, IN, 46176 priced at $179,900 converts $1,890/mo rent into $810/mo cash flow after a $881/mo obligation. Total monthly income equals $1,890/mo, and annual cash flow totals $9,715/yr on $59,637 invested. Return on cash invested prints 36.2% in year one, and rental yield reads 12.61% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 189.99% and total cumulative return in cash sums $113,301. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,890/mo property income covering a $881/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
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: Sue Bowers • Bowers Property Group, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22065359