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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% |
Rental property for sale in Sheridan at 507 Redvine Dr, Sheridan, IN, 46069 generates $2,046/mo in rent and, after a $1,468/mo payment, leaves $246/mo in cash flow. Total monthly income is $2,046/mo, and annual cash flow is $2,946/yr on $99,450 invested. Return on cash invested sits at 22.87% in year one, and rental yield is 8.18% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 118.5% and total cumulative return in cash sums $117,852. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,046/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46069, Sheridan, IN area.
| 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 |
Residential
3,135
Single Family
3,135
Multi-Family
0
Businesses
155
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michelle Campbell • Sold It Realty Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22060279
