Chatham Plan, Centre Place, Sheridan, IN, 46069 | $830/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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Chatham Plan, Centre Place, Sheridan, IN, 46069 | $830/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

Rental property for sale in Sheridan at Chatham Plan, Centre Place, Sheridan, IN, 46069 priced at $314,900 converts $2,720/mo rent into $830/mo cash flow after a $1,541/mo obligation. Total monthly income equals $2,720/mo, and annual cash flow totals $9,960/yr on $104,389 invested. Return on cash invested prints 29.45% in year one, and rental yield reads 10.37% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 153.75% and total cumulative return in cash sums $160,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,720/mo property income covering a $1,541/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

D.R. Horton, America's Builder, presents the Chatham plan, available in Centre Place. This single story home design provides 4 bedrooms and 2 baths in a bright, open living space. The main living area offers solid surface flooring throughout for easy maintenance. Three large bedrooms are situated in the front of the home with one bedroom, which features a large walk-in closet and luxury bath, is situated in the back of the home for privacy. Enjoy entertaining in the spacious kitchen with a large built-in island and beautiful cabinetry. The outdoor patio in the back of the home offers a great space to gather with friends and family. The home includes America's Smart Home Technology featuring a smart video doorbell, smart Honeywell thermostat, smart door lock, Deako light package and more. Discover new homes in Sheridan today! Photos representative of plan only and may vary as built.

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