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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Sullivan at 338 W Indiana Ave, Sullivan, IN, 47882 uses $56,322 cash to close to unlock $4,520/yr annual cash flow and $377/mo monthly cash flow. Total monthly income runs $1,397/mo, and a $832/mo payment keeps the spread at $377/mo. Purchase price stands at $169,900, and rental yield measures 9.87% with $1,397/mo rent. Return on cash invested shows 27.94% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 145.67% and total cumulative return in cash records $82,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,397/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1941
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47882, Sullivan, IN area.
| 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 |
Residential
3,664
Single Family
3,451
Multi-Family
213
Businesses
313
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: BOBBI BURNS • REMAX R.E.A.
Mls Name: THAAR
Mls ID: #108017
