321 S Court 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
Investment property for sale in Sullivan at 321 S Court St, Sullivan, IN, 47882 uses $79,560 cash to close to unlock $876/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $1,514/mo, and a $1,175/mo payment keeps the spread at $73/mo. Purchase price stands at $240,000, and rental yield measures 7.57% with $1,514/mo rent. Return on cash invested shows 21.01% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 108.49% and total cumulative return in cash records $86,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,514/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1920
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trey R Miller • RE/MAX Mainstream
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515933
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.