4500 N Michigan RdShelbyvilleIN46176
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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 4500 N Michigan Rd, Shelbyville, IN, 46176 listed at $350,000 pairs $2,330/mo rent with a $1,713/mo payment to leave $229/mo cash flow. Total monthly income runs $2,330/mo, and annual cash flow reaches $2,749/yr on $116,025 cash to close. Return on cash invested measures 22.28% in year one, and rental yield registers 7.99% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 115.34% and total cumulative return in cash totals $133,826. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,330/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
5.03 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: Shaquia S Hairston • Open Door Realty, Inc
Mls Name: IRMLS
Mls ID: #202524199