414 Elm Ave, Sheridan, IN, 46069 | $256/mo Cash Flow

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414 Elm Ave, Sheridan, IN, 46069 | $256/mo Cash Flow | 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 414 Elm Ave, Sheridan, IN, 46069 offers a 9.12% rental yield on a $160,000 purchase with $1,216/mo rent. Total monthly income registers $1,216/mo, and a $783/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,068/yr on $53,040 to close, and return on cash invested stands at 25.69% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 133.65% and total cumulative return in cash at $70,886. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,216/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Come check out this charming 2 bed 1 bath home in Sheridan. This home offers cozy living room space, dining room, kitchen, 2 bedrooms, and large laundry/full bathroom with detached garage. New electrical panel with breakers, lighting, outlets, new wire, fans. New vinyl siding and room in the last 5 years. Water heater about 2 years old. washer/dryer do not convey

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