1502 Hardwood Dr, Sheridan, IN, 46069 | 7.1% Rental Yield

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1502 Hardwood Dr, Sheridan, IN, 46069 | 7.1% 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 1502 Hardwood Dr, Sheridan, IN, 46069 earns from $2,046/mo rent with a $1,693/mo payment. Total monthly income totals $2,046/mo. ROI tracks 19.59% on current figures, and rental yield reads 7.1% at a $345,995 purchase. Equity gained on principal adds $2,233/yr, and 5% annual appreciation supports $95,592 over five years. Five-year ROI reaches 100.9% and total cumulative return in cash sums $115,732. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,046/mo property income instead of your personal income.

Single Family

Built in 2025

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to your new home at Maple Run! This Chestnut floor plan offers 1,801 square feet of well-planned living space, including 3 bedrooms and 2 bathrooms. Inside, 9' first floor walls and a vaulted ceiling elevate the main living area, along with luxury vinyl plank flooring flowing throughout. A cozy corner fireplace anchors the open concept great room, and the twin windows and sliding door open to a beautiful back patio. The heart of the home-the kitchen-features 42" upper cabinets, quartz countertops, a stainless-steel sink, and an added cabinet over the refrigerator. A large island with pendant prewires creates the perfect hub for everyday meals and entertaining. The primary bedroom features a single step ceiling for added architectural interest, and the ensuite bath includes a deluxe garden bath and 48" framed shower with a double bowl vanity.

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