6406 E State Road 48ShelburnIN47879
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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 Shelburn at 6406 E State Road 48, Shelburn, IN, 47879 uses $56,322 cash to close to unlock $10,448/yr annual cash flow and $871/mo monthly cash flow. Total monthly income runs $1,891/mo, and a $832/mo payment keeps the spread at $871/mo. Purchase price stands at $169,900, and rental yield measures 13.36% with $1,891/mo rent. Return on cash invested shows 38.46% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 202.11% and total cumulative return in cash records $113,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,891/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47879, Shelburn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,381 (100%) |
| Owner Occupied HU | 955 (69.2%) |
| Renter Occupied HU | 272 (19.7%) |
| Vacant Housing Units | 154 (11.2%) |
| Median Home Value | $129,265 |
| Average Home Value | $151,958 |
Housing Distribution
Address Breakdown
Residential
1,294
Single Family
1,294
Multi-Family
0
Businesses
56
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