Norway Plan, Maple Run, Sheridan, IN, 46069 | $1,235/mo Cash Flow

For Sale

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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 Norway Plan, Maple Run, Sheridan, IN, 46069 offers $3,311/mo rent that, after a $1,693/mo payment, leaves $1,235/mo cash flow. Total monthly income is $3,311/mo, and annual cash flow is $14,814/yr on $114,697 cash. Return on cash invested measures 32.83% in year one, and rental yield stands at 11.48% at a $345,995 entry. Equity gained on principal adds $2,233/yr while 5% annual appreciation compounds into $95,592 by year five. Five-year ROI records 171.87% and total cumulative return in cash reaches $197,128. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,311/mo property income versus a $1,693/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

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