319 W Wall 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 319 W Wall St, Sullivan, IN, 47882 offers $2,333/mo rent that, after a $1,459/mo payment, leaves $544/mo cash flow. Total monthly income is $2,333/mo, and annual cash flow is $6,525/yr on $98,784 cash. Return on cash invested measures 26.51% in year one, and rental yield stands at 9.39% at a $297,990 entry. Equity gained on principal adds $1,923/yr while 5% annual appreciation compounds into $82,329 by year five. Five-year ROI records 138.03% and total cumulative return in cash reaches $136,349. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,333/mo property income versus a $1,459/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
4,791 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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