1742 Sheridan AveWhitingIN46394
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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
Investment property for sale in Whiting at 1742 Sheridan Ave, Whiting, IN, 46394 offers a 12.12% rental yield on a $250,000 purchase with $2,525/mo rent. Total monthly income registers $2,525/mo, and a $1,224/mo payment leaves $1,020/mo available for distribution. Annual cash flow reaches $12,244/yr on $82,875 to close, and return on cash invested stands at 34.68% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 181.88% and total cumulative return in cash at $150,730. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,525/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
4,268 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46394, Whiting, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,246 (100%) |
| Owner Occupied HU | 3,034 (57.8%) |
| Renter Occupied HU | 1,726 (32.9%) |
| Vacant Housing Units | 486 ( 9.3%) |
| Median Home Value | $198,776 |
| Average Home Value | $250,145 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,241
Multi-Family
381
Businesses
279
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Listed by: Robin Porter • Porter's Real Estate Solutions
Mls Name: NIRA
Mls Provider:
Mls ID: #823924
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.