324 S State St, Sullivan, IN, 47882 | $219/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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324 S State St, Sullivan, IN, 47882 | $219/mo Cash Flow | Ziffy

For Sale

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 324 S State St, Sullivan, IN, 47882 with 5% annual appreciation on a $128,900 basis while $993/mo rent supports operations. Total monthly income totals $993/mo and a $631/mo payment preserves $219/mo for cash returns. Annual cash flow comes to $2,630/yr on $42,730 deployed, and return on cash invested reaches 26.06% in year one. Equity gained on principal adds $832/yr, and five-year appreciation sums $35,613 alongside rental yield of 9.24%. Five-year ROI measures 135.71% and total cumulative return in cash totals $57,989.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $993/mo property income versus a $631/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1915

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

This 3-bedrooms, 1-bath home offers many updates. Living room with fireplace and custom bookshelves, Dining room has custom bookcase. Kitchen has ample cabinets and counter space. Laundry area is on main level and on the back room. The property has a second parcel that the huge 4 car detach garage is on.

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