341 W Indiana AveSullivanIN47882
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 341 W Indiana Ave, Sullivan, IN, 47882 offers $1,170/mo rent that, after a $741/mo payment, leaves $261/mo cash flow. Total monthly income is $1,170/mo, and annual cash flow is $3,134/yr on $50,189 cash. Return on cash invested measures 26.15% in year one, and rental yield stands at 9.27% at a $151,400 entry. Equity gained on principal adds $977/yr while 5% annual appreciation compounds into $41,829 by year five. Five-year ROI records 136.17% and total cumulative return in cash reaches $68,341. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,170/mo property income versus a $741/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
6,750 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