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59 E Rampart Rd
Shelbyville, IN 46176
Asking Price
$6.05M
Asset Type
Hotel Hospitality
Class
Class B
What's Special
15 Year License | 2025 Renovation | 3.03x RRM <ul><li>Well-located hotel in Shelbyville, IN just southeast of Indianapolis with convenient access to Interstate 74.</li><li>Strong combination of in-place cash flow and long-term stability, supported by a diverse demand base including nearby manufacturing employers such as Knauf Insulation and Ryobi Die Casting, as well as leisure demand from Indiana Grand Racing & Casino.</li><li>Proximity to major Indianapolis demand drivers including the Indiana Convention Center, Lucas Oil Stadium, and
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NOI
$80,000
Cap Rate
1.32%
DSCR
0.22
Underwater
Cash-on-Cash
-15.38%
Monthly Payment
$29,932.099
Annual Cash Flow
$-279,185.188