720 S Noble 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
Rental property for sale in Shelbyville at 720 S Noble St, Shelbyville, IN, 46176 offers $1,204/mo rent that, after a $587/mo payment, leaves $484/mo cash flow. Total monthly income is $1,204/mo, and annual cash flow is $5,808/yr on $39,780 cash. Return on cash invested measures 34.51% in year one, and rental yield stands at 12.04% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 180.89% and total cumulative return in cash reaches $71,959. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,204/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
3,920 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: Andrew Flora • 1 Percent Lists Indiana Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076516