2428 N Lafayette 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
Investment property for sale in Sullivan at 2428 N Lafayette Dr, Sullivan, IN, 47882 at $280,000 posts ROI 28.78% with $686/mo cash flow from $2,446/mo rent. Total monthly income equals $2,446/mo, and annual cash flow records $8,236/yr on $92,820 to close. Return on cash invested measures 28.78% and rental yield reads 10.48% at the current $280,000. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 by year five. Five-year ROI prints 150.58% and total cumulative return in cash totals $139,773.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,446/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
N/A 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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