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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% |
Investment property for sale in Sheridan at 507 W 5th St, Sheridan, IN, 46069 offers a 4.67% rental yield on a $529,900 purchase with $2,063/mo rent. 36% in year one. Equity gained on principal adds $3,419/yr while 5% annual appreciation supports $146,402 over five years. Portfolio math shows five-year ROI at 62.09% and total cumulative return in cash at $108,251. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,063/mo property income against a $2,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1996
1.09 Acres 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: Mary Jane Armstrong • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22062981
