206 W Washington St, Sullivan, IN, 47882 | $542/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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206 W Washington St, Sullivan, IN, 47882 | $542/mo Cash Flow | 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 206 W Washington St, Sullivan, IN, 47882 priced at $234,000 pairs $1,946/mo rent with $542/mo cash flow after a $1,145/mo payment. Total monthly income equals $1,946/mo, and annual cash flow comes to $6,500/yr on $77,571 invested. Return on cash invested is 28.29% in year one, and rental yield stands at 9.98% 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 147.55% and total cumulative return in cash reaches $114,459. For financing, Ziffy Mortgage’s DSCR program evaluates $1,946/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

More details about the property

Where History Still Whispers and Home Still Feels Like Home Corner of Washington & Section Street Sullivan, Indiana Nestled along the newly dedicated Sully Greenway Trail System, this timeless Victorian beauty has watched Sullivan grow, change, and carry on, and now shes ready to write her next chapter. Built in an era when craftsmanship mattered as seen in the parquet floors and detailed authentic woodwork, and porches wrapped all the way around to greet neighbors, this 4-bedroom, 2-bath treasure has been lovingly preserved and thoughtfully renewed. New HVAC systems (2024) with dual heat pumps Roof replaced 4 years ago New windows to keep the charm but invite the light Fresh exterior paint and restored wraparound porch (3 years ago) Inside, youll find high ceilings, handcrafted woodwork, and spaces that feel alive with the echoes of the past crafted for families, stories, and quiet evenings on the porch swing. This isnt just a house on a corner. Its a landmark of love, care, and craftsmanship and its waiting for someone who understands that history isnt just meant to be admired its meant to be lived in.

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