418 S Grant City RdShirleyIN47384
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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 Shirley at 418 S Grant City Rd, Shirley, IN, 47384 listed at $219,000 pairs $1,777/mo rent with a $1,072/mo payment to leave $462/mo cash flow. Total monthly income runs $1,777/mo, and annual cash flow reaches $5,547/yr on $72,599 cash to close. Return on cash invested measures 27.55% in year one, and rental yield registers 9.74% at a $219,000 basis. Equity gained on principal adds $1,413/yr, and annual property appreciation at 5% supports $60,506 by year five. Five-year ROI tracks 143.62% and total cumulative return in cash totals $104,265. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,777/mo property income relative to a $1,072/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47384, Shirley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 634 (76.8%) |
| Renter Occupied HU | 131 (15.9%) |
| Vacant Housing Units | 60 ( 7.3%) |
| Median Home Value | $212,745 |
| Average Home Value | $304,550 |
Housing Distribution
Address Breakdown
Residential
535
Single Family
535
Multi-Family
0
Businesses
36
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