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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 700 W 2nd St, Sheridan, IN, 46069 uses $79,229 cash to close to unlock $7,537/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $2,063/mo, and a $1,170/mo payment keeps the spread at $628/mo. Purchase price stands at $239,000, and rental yield measures 10.36% with $2,063/mo rent. Return on cash invested shows 29.42% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 153.66% and total cumulative return in cash records $121,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,063/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1930
1.06 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: Wanda Lyons • Lyons Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073993
