5491 E Shae Lake DrMooresvilleIN46158
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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 Mooresville at 5491 E Shae Lake Dr, Mooresville, IN, 46158 offers $2,563/mo rent that, after a $1,522/mo payment, leaves $546/mo cash flow. Total monthly income is $2,563/mo, and annual cash flow is $6,556/yr on $103,097 cash. Return on cash invested measures 26.27% in year one, and rental yield stands at 9.89% at a $311,000 entry. Equity gained on principal adds $2,007/yr while 5% annual appreciation compounds into $85,924 by year five. Five-year ROI records 137.37% and total cumulative return in cash reaches $141,621. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,563/mo property income versus a $1,522/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
6,534 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46158, Mooresville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,312 (100%) |
| Owner Occupied HU | 8,092 (78.5%) |
| Renter Occupied HU | 1,784 (17.3%) |
| Vacant Housing Units | 436 ( 4.2%) |
| Median Home Value | $264,799 |
| Average Home Value | $297,407 |
Housing Distribution
Address Breakdown
Residential
9,920
Single Family
9,765
Multi-Family
155
Businesses
679
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Nearby investment properties with comparable prices
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