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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% |
Investment property for sale in Warsaw at 1511 E Sheridan St, Warsaw, IN, 46580 offers a 11.11% rental yield on a $215,000 purchase with $1,991/mo rent. Total monthly income registers $1,991/mo, and a $1,052/mo payment leaves $665/mo available for distribution. Annual cash flow reaches $7,983/yr on $71,273 to close, and return on cash invested stands at 31.11% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 162.93% and total cumulative return in cash at $116,125. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,991/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46580, Warsaw, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,714 (100%) |
| Owner Occupied HU | 6,549 (67.4%) |
| Renter Occupied HU | 2,447 (25.2%) |
| Vacant Housing Units | 718 ( 7.4%) |
| Median Home Value | $243,970 |
| Average Home Value | $287,875 |
Residential
9,284
Single Family
8,743
Multi-Family
541
Businesses
844
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $215,000 |
| 2022-09-01 | Sold | $199,900 |
| 2022-07-25 | Pending sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $2210.80 | 10.59% | $215,100 | 18.91% |
| 2023-04-01 | $1999.14 | 21.06% | $180,900 | 13.27% |
| 2022-04-01 | $1651.40 | 7.31% | $159,700 | 15.56% |
Listed by: Lauren South • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510352
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
