








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 605 S Fanning St, Sheridan, IN, 46069 priced at $169,900 pairs $1,344/mo rent with $324/mo cash flow after a $832/mo payment. Total monthly income equals $1,344/mo, and annual cash flow comes to $3,884/yr on $56,322 invested. Return on cash invested is 26.81% in year one, and rental yield stands at 9.49% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 139.6% and total cumulative return in cash reaches $78,626. For financing, Ziffy Mortgage’s DSCR program evaluates $1,344/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
6,098 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: Kya Marsh • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067755