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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 7988 Weisbach Rd, Shoals, IN, 47581 offers a 14.9% rental yield on a $280,000 purchase with $3,476/mo rent. Total monthly income registers $3,476/mo, and a $1,370/mo payment leaves $1,796/mo available for distribution. Annual cash flow reaches $21,548/yr on $92,820 to close, and return on cash invested stands at 43.12% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 227.11% and total cumulative return in cash at $210,801. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,476/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
1.62 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 |
|---|---|---|
| 2025-09-26 | Sold | $280,000 |
| 2025-08-03 | Pending sale | $319,000 |
| 2025-07-14 | Price change | $319,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $1347.34 | 1.63% | $244,900 | 5.33% |
| 2023-10-23 | $1325.72 | 21.40% | $232,500 | 5.59% |
| 2022-10-23 | $1092.04 | 6.85% | $220,200 | 11.89% |
Listed by: Patti Sanders • Key Associates Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522222
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.
