316 W Washington StSullivanIN47882
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Sullivan at 316 W Washington St, Sullivan, IN, 47882 priced at $232,899 converts $1,961/mo rent into $563/mo cash flow after a $1,140/mo obligation. Total monthly income equals $1,961/mo, and annual cash flow totals $6,754/yr on $77,206 invested. Return on cash invested prints 28.66% in year one, and rental yield reads 10.1% against a $232,899 entry. Equity gained on principal adds $1,503/yr, while 5% annual appreciation compiles into $64,346 by year five. Five-year ROI reaches 149.51% and total cumulative return in cash sums $115,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,961/mo property income covering a $1,140/mo payment, not borrower’s personal income.
Single Family
Built in 2025
5,227 sqft 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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