Washington Plan, Stratford PlaceShelbyvilleIN46176
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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 Washington Plan, Stratford Place, Shelbyville, IN, 46176 priced at $284,990 pairs $1,997/mo rent with $286/mo cash flow after a $1,395/mo payment. Total monthly income equals $1,997/mo, and annual cash flow comes to $3,434/yr on $94,474 invested. Return on cash invested is 23.54% in year one, and rental yield stands at 8.41% on a $284,990 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,737 by year five. Five-year ROI measures 122.13% and total cumulative return in cash reaches $115,383. For financing, Ziffy Mortgage’s DSCR program evaluates $1,997/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A 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: N/A • Davis Homes
Mls Name: Davis Homes
Mls Provider:
Mls ID: #N/A