Harmony Plan, Centre PlaceSheridanIN46069
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at Harmony Plan, Centre Place, Sheridan, IN, 46069 in Sheridan speaks for itself: 10% gross on a $300,900 price, generating $2,507/mo in rent and $701/mo in net income after the $1,353/mo debt service. DSCR 1.85, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,406 stacks alongside $83,133 in projected five-year appreciation and $2,771/yr in principal reduction. Projected total cumulative return: $158,988.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.2% |
| Monthly Cash Flow | $701 | $350 |
City averages based on Sheridan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,507 |
| Total Monthly Debt Service | $1,687 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
