524 High StShoalsIN47581
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.91% gross rental yield, 524 High St, Shoals, IN, 47581 in Shoals is priced for capital growth, not immediate cash flow. The $350,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $96,699 by year five, with $3,224/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.09) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $108,139.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 6.0% |
| Monthly Cash Flow | $(378) | $300 |
City averages based on Shoals market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,723 |
| Total Monthly Debt Service | $1,962 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47581, Shoals, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,723 (100%) |
| Owner Occupied HU | 1,165 (67.6%) |
| Renter Occupied HU | 285 (16.5%) |
| Vacant Housing Units | 273 (15.8%) |
| Median Home Value | $172,500 |
| Average Home Value | $214,461 |
Housing Distribution
Address Breakdown
Residential
1,368
Single Family
1,368
Multi-Family
0
Businesses
92
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
Single Family
Built in 1920
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47581, Shoals, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,723 (100%) |
| Owner Occupied HU | 1,165 (67.6%) |
| Renter Occupied HU | 285 (16.5%) |
| Vacant Housing Units | 273 (15.8%) |
| Median Home Value | $172,500 |
| Average Home Value | $214,461 |
Housing Distribution
Address Breakdown
Residential
1,368
Single Family
1,368
Multi-Family
0
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices