802 S Sheridan Ave, Sheridan, IN, 46069 | $308/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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802 S Sheridan Ave, Sheridan, IN, 46069 | $308/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

Investment property for sale in Sheridan at 802 S Sheridan Ave, Sheridan, IN, 46069 offers a 9.1% rental yield on a $194,899 purchase with $1,478/mo rent. Total monthly income registers $1,478/mo, and a $954/mo payment leaves $308/mo available for distribution. Annual cash flow reaches $3,696/yr on $64,609 to close, and return on cash invested stands at 25.63% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 133.27% and total cumulative return in cash at $86,102. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,478/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2002

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Enter this charming home after spending some time on the cozy covered porch. Enjoy an open concept spacious living room then glide your way into a stunning Kitchen, complete with plenty of counterspace to prepare your favorite dishes. Slip out the side door onto a brand-new wood deck, overlooking your spacious side yard, and step on around to the fully fenced in backyard, spend time relaxing around your firepit. Do you have a Golf Cart? There is a Barn with an overhead door to store your toys. Back in the home relax in one of three bedrooms all with ceiling fans. Check out the roof and gutters, both just under a year old. The A/C unit was just replaced this year (2025). The front porch swing does NOT convey with the property.

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