3135 W South Dr, Sheridan, IN, 46069 | 5.99% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3135 W South Dr, Sheridan, IN, 46069 | 5.99% 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 3135 W South Dr, Sheridan, IN, 46069 earns from $1,997/mo rent with a $1,958/mo payment. Total monthly income totals $1,997/mo. ROI tracks 16.25% on current figures, and rental yield reads 5.99% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 82.98% and total cumulative return in cash sums $110,032. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,997/mo property income instead of your personal income.

Single Family

Built in 1966

1.60 Acres lot

$N/A/sqft

No HOA

More details about the property

One of Sheridan's premier properties is now available! Built in 1966 and owned by just three families, this full brick ranch offers nearly 4,000 sq ft of timeless charm and solid construction. Nestled on a peaceful 1.6-acre lot with easy access to local schools, the home features 4 spacious bedrooms, 3 full baths, 2 bonus rooms, formal living and dining rooms, and a cozy family room with casual dining area. You'll find two fireplaces-one in the family room and one in the Owners Suite-perfect for cozy evenings. Thoughtful details include cedar-lined closets, a breezeway-connected 2-car heated garage/workshop, and a stately foyer that opens to an impressive interior. The home has been largely untouched for 20 years, making it a perfect canvas for your vision. Step outside to find a concrete pool-currently in need of some TLC, but full of potential for summer fun. With generous space, storage, and location, this property has all the right ingredients for your dream home. Come see what all the buzz is about-this one won't last! Open house combined with an Estate Sale: Friday, July 25 & Saturday, July 26. Discover the charm and opportunity of Northern Hamilton County living!

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