632 W South StShelbyvilleIN46176
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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 632 W South St, Shelbyville, IN, 46176 with 5% annual appreciation on a $154,900 basis while $1,189/mo rent supports operations. Total monthly income totals $1,189/mo and a $758/mo payment preserves $259/mo for cash returns. Annual cash flow comes to $3,112/yr on $51,349 deployed, and return on cash invested reaches 25.97% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,796 alongside rental yield of 9.21%. Five-year ROI measures 135.16% and total cumulative return in cash totals $69,404.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,189/mo property income versus a $758/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
4,791 sqft 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: Kati Hoskins • Level Up Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052183