900 S Sheridan Ave, Sheridan, IN, 46069 | $1,026/mo Cash Flow

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900 S Sheridan Ave, Sheridan, IN, 46069 | $1,026/mo Cash Flow | Ziffy

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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 900 S Sheridan Ave, Sheridan, IN, 46069 offers a 14.45% rental yield on a $169,900 purchase with $2,046/mo rent. Total monthly income registers $2,046/mo, and a $832/mo payment leaves $1,026/mo available for distribution. Annual cash flow reaches $12,308/yr on $56,322 to close, and return on cash invested stands at 41.76% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 219.82% and total cumulative return in cash at $123,806. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,046/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled at 900 S Sheridan AVE, SHERIDAN, IN, this single-family residence in the heart of Indiana offers a unique opportunity to establish roots in a charming community. This property holds the promise of comfortable living spaces and outdoor enjoyment. The residence features three bedrooms, presenting options for creating personalized sanctuaries or functional home offices. With one full bathroom, daily routines are streamlined for ease and efficiency. The home encompasses 1436 square feet of living area, providing room to relax and recharge. The 6970 square feet lot area invites visions of outdoor activities and gardening pursuits. Built in 1940, this one and a half story home carries the character of a bygone era, while offering a canvas for modern updates. This property is an invitation to create lasting memories in a place you can truly call your own.

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