501 E 2nd St

Sheridan, IN 46069
image0

4 bd, 1 ba | 2,960 sqft | Built in 1940

slider image
slider image
slider image
List Price
$235,000

Initial Investment

$64,038

Purchase Price

$235,000

Down Payment

25%

Rent

$3,520

Total Return

$188,866

Annualized Return

38.6%

Cap Rate

11.5%

Gross Yield

18.0%

Cash Flow

$12,558

Appreciation

8.8%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

2,460

HOA

None

Flood Risk

Not Required

Step into this charming 4-bedroom, 1-bathroom home boasting a generous 2,960 sqft of living space, offering endless possibilities for family fun and activities! Nestled on a corner lot, this property features a detached garage transformed into a fully-functional 1-bedroom, 1-bathroom apartment-perfect for generating passive income or housing guests. Imagine hosting family gatherings in your fully fenced backyard, providing a safe and private space for outdoor enjoyment. With no HOA restrictions, you have the freedom to personalize your property to your heart's content! This unique setup not only provides ample space for your family to thrive but also creates an excellent investment opportunity for those looking to expand their portfolio. Whether you're a first-time buyer or a seasoned investor, this home could be the perfect blend of comfort and income potential. Don't let this remarkable opportunity slip away-seize the chance to make this versatile property your own!

See more in Analysis
Paul Linn
Best Life Realty Group
IN Agent License #RB14045492

Annual Financial Highlights

Expected Rent

$40,128

Expenses

-$10,744

Property Taxes

-$4,050

Loan Payments

-$12,776

Net Cash Flow

$12,558

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

Similar Listings



Listing Courtesy of:Chelsi Kitchen
Agent License RB21002762
Highgarden Real Estate
Certified Agent Brokerage:Paul Linn
Best Life Realty Group
IN Brokerage License RC51900253
SourceMIBOR REALTOR® Association
MLS #22002545
Last Updated: 09/24/2024 15:09
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.