600 S Georgia St, Sheridan, IN, 46069 | 7.17% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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600 S Georgia St, Sheridan, IN, 46069 | 7.17% 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

Total monthly income runs $2,090/mo, and a $1,713/mo payment. Purchase price stands at $350,000, and rental yield measures 7.17% with $2,090/mo rent. Return on cash invested shows 19.8% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 102.02% and total cumulative return in cash records $118,370. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,090/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in 1965

435.60 sqft lot

$N/A/sqft

No HOA

More details about the property

Historic Victorian on the Monon Trail - Sheridan, IN Step back in time with this rare 5-bedroom Victorian beauty featuring 4 fireplaces, a wraparound porch, and a balcony on the second story overlooking a spacious yard with mature trees Located right on the Monon Trail, this home offers classic charm and endless potential. It's ready for a little TLC from its next owner to bring it back to full glory. Homes like this don't come along often-come see it for yourself!

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