Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Sullivan at 241 W Washington St, Sullivan, IN, 47882 priced at $270,000 converts $2,377/mo rent into $756/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,377/mo, and annual cash flow totals $9,069/yr on $89,505 invested. Return on cash invested prints 30.04% in year one, and rental yield reads 10.56% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 156.93% and total cumulative return in cash sums $140,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,377/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1880
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47882, Sullivan, IN area.
| 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 |
Residential
3,664
Single Family
3,451
Multi-Family
213
Businesses
313
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: COZETTE MILLER • KEY REALTY INDIANA
Mls Name: THAAR
Mls ID: #107624
