206 W Washington StSullivanIN47882
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
Rental property for sale in Sullivan at 206 W Washington St, Sullivan, IN, 47882 priced at $234,000 pairs $2,207/mo rent with $803/mo cash flow after a $1,145/mo payment. Total monthly income equals $2,207/mo, and annual cash flow comes to $9,632/yr on $77,571 invested. Return on cash invested is 32.33% in year one, and rental yield stands at 11.32% on a $234,000 basis. Equity gained on principal adds $1,510/yr, and 5% annual appreciation accumulates to $64,650 by year five. Five-year ROI measures 169.2% and total cumulative return in cash reaches $131,247. For financing, Ziffy Mortgage’s DSCR program evaluates $2,207/mo property income against a $1,145/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
7,405 sqft 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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