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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 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 shown for ZIP Code: 47879, Shelburn, IN area.
| 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 |
Residential
1,294
Single Family
1,294
Multi-Family
0
Businesses
56
Date | Event | Price |
|---|---|---|
| 2024-12-31 | Sold | $169,900 |
| 2024-10-04 | Listed for sale | $179,900 |
| 2024-05-22 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $174.48 | 6.99% | $8,500 | N/A |
| 2023-10-24 | $163.08 | 1.30% | $8,500 | N/A |
| 2022-10-24 | $160.98 | -9.05% | $8,500 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
