2710 W State Road 38SheridanIN46069
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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 Sheridan at 2710 W State Road 38, Sheridan, IN, 46069 earns $292/mo cash flow from $1,343/mo rent with a $857/mo payment. Total monthly income totals $1,343/mo, and annual cash flow totals $3,504/yr on $58,013 capital. ROI tracks 25.95% on current figures, and rental yield reads 9.21% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 135.09% and total cumulative return in cash sums $78,367. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,343/mo property income instead of your personal income.
Single Family
Built in 1948
0.27 Acres 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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