10791 E State Road 47, Sheridan, IN, 46069 | 1.92% Rental Yield

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10791 E State Road 47, Sheridan, IN, 46069 | 1.92% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Sheridan at 10791 E State Road 47, Sheridan, IN, 46069 offers a 1.92% rental yield on a $1,250,000 purchase with $1,997/mo rent. 05% in year one. Equity gained on principal adds $8,066/yr while 5% annual appreciation supports $345,352 over five years. Portfolio math shows five-year ROI at 17.48% and total cumulative return in cash at $70,777. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,997/mo property income against a $6,118/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1995

9.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled in SHERIDAN, IN, this single-family residence presents an attractive property in great condition, ready to welcome you home. Imagine evenings spent gathered around the living room fireplace, a comforting focal point for conversation and relaxation, as the seasons change outside. The kitchen is appointed with granite countertops and a kitchen peninsula, creating a functional space for meal preparation and casual dining. The primary bedroom is enhanced by a tray ceiling and crown molding, adding architectural interest and character to the space. Extending your living space outdoors, a patio and deck offer spots for relaxation and recreation, while a fire pit promises cozy gatherings under the stars. Enjoy the screened patio, a bright and airy space that brings the outdoors in, no matter the weather. This property is situated in a rural area, providing a peaceful and private setting. With 4 bedrooms and 3 full bathrooms within 2253 square feet of main floor living area on a sprawling almost 10 acre lot with a private stocked pond, this 1995-built home offers a wonderful opportunity to embrace a lifestyle of comfort and tranquility. main floor carpet 2 years, roof 3 years, most windows 5 years.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46069, Sheridan, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,097 (100%)
Owner Occupied HU	2,947 (71.9%)
Renter Occupied HU	779 (19.0%)
Vacant Housing Units	371 ( 9.1%)
Median Home Value	$410,956
Average Home Value	$436,318