1353 Mahoning RdSheridanIN46069
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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 Sheridan at 1353 Mahoning Rd, Sheridan, IN, 46069 generates $1,997/mo in rent, after a $2,268/mo payment. Total monthly income is $1,997/mo. Return on cash invested sits at 13.78% in year one, and rental yield is 5.17% on a $463,280 entry. Equity gained on principal adds $2,989/yr, while 5% annual appreciation builds toward $127,996 over five years. Five-year ROI reaches 69.74% and total cumulative return in cash sums $107,099. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,997/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
10,454 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,135
Single Family
3,135
Multi-Family
0
Businesses
155
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