1239 W State Hwy #159, Sullivan, IN, 47882 | 6.11% Rental Yield

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1239 W State Hwy #159, Sullivan, IN, 47882 | 6.11% Rental Yield | 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 Sullivan at 1239 W State Hwy #159, Sullivan, IN, 47882 generates $1,170/mo in rent, after a $1,125/mo payment. Total monthly income is $1,170/mo. Return on cash invested sits at 16.61% in year one, and rental yield is 6.11% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 84.93% and total cumulative return in cash sums $64,727. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,170/mo property income rather than buyer’s personal income.

Single Family

Built in 1960

0.85 Acres lot

$N/A/sqft

No HOA

More details about the property

Newly Remodeled! Looking for a home just outside of town with a large lot? Take a look at this 4 bed 2 bath home sitting on .85 of an acre with fresh paint and flooring throughout. The kitchen has recently been updated with new vinyl flooring, refinished cabinets, and butcher block countertops. The kitchen is open to the oversized dining which is great for those holiday meals. This home also offers a family room, bedroom, and full bath on the lower level with a separate entrance that could be used as a mother-in-law suite. Upstairs you'll find a living room and 3 bedrooms along with a full bath. Outside is a large deck with plenty of seating and a view of the park like setting in the backyard. Call your favorite Realtor for a private showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47882, Sullivan, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,005 (100%)
Owner Occupied HU	2,488 (62.1%)
Renter Occupied HU	1,083 (27.0%)
Vacant Housing Units	434 (10.8%)
Median Home Value	$146,466
Average Home Value	$177,709