1523 E County Road 350 NSullivanIN47882
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
Investment Highlights
Investment property for sale in Sullivan at 1523 E County Road 350 N, Sullivan, IN, 47882 uses $64,643 cash to close to unlock $4,270/yr annual cash flow and $356/mo monthly cash flow. Total monthly income runs $1,526/mo, and a $954/mo payment keeps the spread at $356/mo. Purchase price stands at $195,000, and rental yield measures 9.39% with $1,526/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 138.02% and total cumulative return in cash records $89,218. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,526/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1950
3 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,664
Single Family
3,451
Multi-Family
213
Businesses
313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices