516 Buckthorn Ln, Sheridan, IN, 46069 | $16/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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516 Buckthorn Ln, Sheridan, IN, 46069 | $16/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

Rental property for sale in Sheridan at 516 Buckthorn Ln, Sheridan, IN, 46069 offers $1,997/mo rent that, after a $1,615/mo payment, leaves $16/mo cash flow. Total monthly income is $1,997/mo, and annual cash flow is $196/yr on $109,362 cash. Return on cash invested measures 20.09% in year one, and rental yield stands at 7.26% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 103.59% and total cumulative return in cash reaches $113,283. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,997/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2021

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled in a quiet corner of Sheridan, 516 Buckthorn Ln offers a welcoming blend of comfort and convenience in the desirable Maple Run neighborhood. Built in 2021 this 4bd/2.5ba home boasts a massive floorplan, bright, open living space, a well appointed kitchen ideal for everyday meals and entertaining, and a relaxing primary suite with and ensuite bath. The primary bath features a vanity with double sinks, a walk-in shower, and 2 walk-in closets. Along with the primary suite there are 3 additional bedrooms upstairs that are equipped with great closets and carpeted floors. There are several flexible living spaces such as the sunroom, office, and loft area that you can tailor to suit your families needs. On the main level you'll walk into the beautiful foyer that greets you with lots of natural light, modern luxury vinyl plank flooring throughout, and a cozy gas log fireplace. The sunroom features large windows and a sliding glass door that lead to your private patio, perfect for entertaining! This gorgeous home has endless possibilities and is awaiting its new owners special touches. Don't miss out on this one!

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