1711 E East Lake DrSullivanIN47882
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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
Investment Highlights
Rental property for sale in Sullivan at 1711 E East Lake Dr, Sullivan, IN, 47882 generates $1,787/mo in rent, after a $1,908/mo payment. Total monthly income is $1,787/mo. Return on cash invested sits at 14.77% in year one, and rental yield is 5.5% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 75.05% and total cumulative return in cash sums $97,009. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,787/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
1.50 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
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