2428 N Lafayette Dr, Sullivan, IN, 47882 | $686/mo Cash Flow

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2428 N Lafayette Dr, Sullivan, IN, 47882 | $686/mo Cash Flow | Ziffy

Recently Sold

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

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

More details about the property

Move right in to this beautifully updated 4-bedroom, 2-bath home in the serene Lakeside West subdivision. With over 2,100 sq. ft. of living space, this spacious residence sits on a large, landscaped lot, offering comfort, style, and convenience. The home features a range of recent updates in the last 3yrs, including fresh paint, new doors, a new vanity and sink in the upper bath, shiplap accents in the entry, and newly installed drywall with a tile backsplash in the kitchen. The covered back deck with a hot tub is perfect for year-round relaxation, while a new furnace in the lower level ensures cozy comfort. The inviting interior includes a nice living room, a large family room with a gas fireplace and built-in shelving, and a master suite on the lower level with French doors that open to the side yard, adding a touch of privacy. The property offers ample storage with both a one-car attached garage and a two-car detached garage. A reliable generator provides peace of mind by powering the entire house, and the backyard is fully enclosed with a durable Cyclone brand chain-link fence, ideal for pets or kids. All stainless steel appliances stay, along with the washer and dryer, making this home truly move-in ready. Lovingly maintained and updated over the past three years, this home combines modern upgrades with charm in one of the area s most desirable neighborhoods. Schedule your viewing today don t miss your chance to call this your new home!

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