403 W Sylvandell St, Sullivan, IN, 47882 | $437/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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403 W Sylvandell St, Sullivan, IN, 47882 | $437/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

Rental property for sale in Sullivan at 403 W Sylvandell St, Sullivan, IN, 47882 offers $1,337/mo rent that, after a $734/mo payment, leaves $437/mo cash flow. Total monthly income is $1,337/mo, and annual cash flow is $5,241/yr on $49,725 cash. Return on cash invested measures 30.45% in year one, and rental yield stands at 10.7% at a $149,999 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 159.12% and total cumulative return in cash reaches $79,122. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,337/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

0.79 Acres lot

$N/A/sqft

No HOA

More details about the property

Adorable 2 Bedroom, 1 Bathroom Home on Two Large Lots This charming home offers both comfort and space with a cozy living room, a separate family room, and a large eat-in kitchen. Enjoy beautiful hardwood floors in the kitchen and family room, adding warmth and character throughout. Step outside onto the large wrap-around deck, accessible from both the main bedroom and the kitchen, perfect for relaxing, entertaining, or enjoying your morning coffee. The property also features an oversized 2-car garage, a fenced yard, a covered front porch, and a partial basement for extra storage. A wonderful home with plenty of room inside and out!

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