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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 8631 Bill Fisher Rd, Shoals, IN, 47581 generates $3,611/mo in rent and, after a $1,957/mo payment, leaves $1,211/mo in cash flow. Total monthly income is $3,611/mo, and annual cash flow is $14,529/yr on $132,567 invested. Return on cash invested sits at 30.87% in year one, and rental yield is 10.84% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 161.37% and total cumulative return in cash sums $213,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,611/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
4 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 |
|---|---|---|
| 2025-04-14 | Listed for sale | $399,900 |
| 2020-12-30 | Sold | $279,000 |
| 2020-12-22 | Pending sale | $279,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-16 | $1732.86 | 10.31% | $251,400 | 4.71% |
| 2022-04-16 | $1570.88 | 24.20% | $240,100 | 11.21% |
| 2021-04-16 | $1264.82 | 1.71% | $215,900 | 9.04% |
Listed by: Lynda Slate • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512706
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.
