8410 N Washington StSheridanIN46069
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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
Investment Highlights
Investment property for sale in Sheridan at 8410 N Washington St, Sheridan, IN, 46069 uses $74,588 cash to close to unlock $8,347/yr annual cash flow and $696/mo monthly cash flow. Total monthly income runs $2,046/mo, and a $1,101/mo payment keeps the spread at $696/mo. Purchase price stands at $225,000, and rental yield measures 10.91% with $2,046/mo rent. Return on cash invested shows 31.1% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 162.63% and total cumulative return in cash records $121,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,046/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,135
Single Family
3,135
Multi-Family
0
Businesses
155
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