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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% |
Rental property for sale in Shoals at 8549 Progress School Rd, Shoals, IN, 47581 generates $1,594/mo in rent and, after a $1,170/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,594/mo, and annual cash flow is $1,909/yr on $79,229 invested. Return on cash invested sits at 22.32% in year one, and rental yield is 8% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 115.58% and total cumulative return in cash sums $91,572. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,594/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
8.78 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 |
|---|---|---|
| 2025-06-28 | Listed for sale | $239,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-29 | $616.24 | 8.56% | $128,200 | 5.51% |
| 2023-06-29 | $567.64 | 19.17% | $121,500 | 5.74% |
| 2022-06-29 | $476.34 | 5.36% | $114,900 | 8.91% |
Listed by: Patti Sanders • Key Associates Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524936
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.
