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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Shoals at 5851 Peeks Rd, Shoals, IN, 47581 at $274,500 posts ROI 19.11% with from $1,588/mo rent. Total monthly income equals $1,588/mo. Return on cash invested measures 19.11% and rental yield reads 6.94% at the current $274,500. Equity gained on principal adds $1,771/yr, and 5% annual appreciation supports $75,839 by year five. Five-year ROI prints 98.35% and total cumulative return in cash totals $89,494. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,588/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
1.61 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47581, Shoals, IN area.
| 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 |
Residential
1,368
Single Family
1,368
Multi-Family
0
Businesses
92
Date | Event | Price |
|---|---|---|
| 2024-08-27 | Listed for sale | $274,500 |
| 2022-10-11 | Sold | $250,000 |
| 2022-08-12 | Pending sale | $259,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1629.42 | 7.93% | $189,600 | 64.44% |
| 2022-10-15 | $1509.66 | 0.14% | $115,300 | 11.29% |
| 2021-10-15 | $1507.62 | N/A | $103,600 | -1.52% |
Listed by: Billy J Walker • Century 21 Classic Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432817
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
