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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Sheridan at 1407 Graybark St, Sheridan, IN, 46069 priced at $260,000 pairs $2,239/mo rent with $653/mo cash flow after a $1,273/mo payment. Total monthly income equals $2,239/mo, and annual cash flow comes to $7,834/yr on $86,190 invested. Return on cash invested is 29% in year one, and rental yield stands at 10.33% on a $260,000 basis. Equity gained on principal adds $1,678/yr, and 5% annual appreciation accumulates to $71,833 by year five. Five-year ROI measures 151.44% and total cumulative return in cash reaches $130,529. For financing, Ziffy Mortgage’s DSCR program evaluates $2,239/mo property income against a $1,273/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2015
8,712 sqft lot
$N/A/sqft
$150 semi-annually HOA
Neighborhood data shown for ZIP Code: 46069, Sheridan, IN area.
| 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 |
Residential
3,135
Single Family
3,135
Multi-Family
0
Businesses
155
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Sold | $260,000 |
| 2024-10-15 | Pending sale | $269,000 |
| 2024-09-13 | Price change | $269,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $2126.80 | 16.19% | $208,500 | 9.05% |
| 2023-10-25 | $1830.52 | 6.85% | $191,200 | 16.30% |
| 2022-10-25 | $1713.12 | 8.47% | $164,400 | 6.55% |
Listed by: Ryan Thomas • Vision One Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21998810
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 23:43:10 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
