312 W Washington St, Sullivan, IN, 47882 | 6.11% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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312 W Washington St, Sullivan, IN, 47882 | 6.11% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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312 E Washington St, Sullivan, IN, 47882

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 312 W Washington St, Sullivan, IN, 47882 with 5% annual appreciation on a $229,900 basis while $1,170/mo rent supports operations. 61% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 6.11%. Five-year ROI measures 84.93% and total cumulative return in cash totals $64,727. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,170/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2025

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Sullivans newest neighborhood a thoughtfully designed community of 9 brand-new construction homes built for modern living. 5 homes are near completion: Move-in ready soon, offering buyers the opportunity to secure a brand-new home without the wait. 4 additional homes: Underway with steady progress, giving future residents the chance to personalize finishes as construction continues.Prime location in Sullivan with convenient access to schools, shopping, dining, and major roadways and close the Lake. Each home is designed with a balance of comfort, efficiency, and timeless style offering 3-4 beds and 2-3 baths. Energy-efficient construction, open layouts, and quality finishes throughout. This neighborhood provides the rare opportunity to own a brand-new home in Sullivan at an attractive price point, with the first wave of homes being move in ready very soon. Buyers can enjoy peace of mind with modern warranties, low maintenance, and contemporary design tailored for todays lifestyle.

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