844 Blanchard St

Shelbyville, IN 46176
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2 bd, 1 ba | 1,066 sqft | Built in 1940

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List Price
$189,900

Initial Investment

$51,748

Purchase Price

$189,900

Down Payment

25%

Rent

$1,210

Total Return

$92,667

Annualized Return

22.6%

Cap Rate

5.3%

Gross Yield

7.6%

Cash Flow

-$735

Appreciation

8.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,995

HOA

None

Flood Risk

Not Required

Welcome to 844 Blanchard Street-a move-in ready home in the heart of Shelbyville! This updated 2-bedroom, 1-bath property offers 1,066 square feet of comfortable living space. Step inside to find brand new LVP flooring throughout and fresh paint that gives the home a bright, modern feel. Home features a spacious living area and separate dining area. The kitchen includes a stove and refrigerator. This home comes with a washer and dryer, plus a 1-car detached garage with an awning for extra covered parking or outdoor space. Enjoy the partially fenced backyard-ideal for pets, gardening, or relaxing outdoors. Schedule your showing today.

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NEIGHBORHOOD

SCHOOLS

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Andre Grimes
Roofstock Realty LLC - IN
IN Agent License #RB17000254

Annual Financial Highlights

Expected Rent

$13,794

Expenses

-$2,455

Property Taxes

-$1,750

Loan Payments

-$10,324

Net Cash Flow

-$735

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Best Life Realty
Agent License RB14045492
Best Life Realty
Certified Agent Brokerage:Andre Grimes
Roofstock Realty LLC - IN
IN Brokerage License RC5160181
SourceMIBOR REALTOR® Association
MLS #22032923
Last Updated: 04/19/2025 13:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.