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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% |
Rental property for sale in Sullivan at 437 S Elinor St, Sullivan, IN, 47882 generates $2,359/mo in rent and, after a $1,077/mo payment, leaves $1,038/mo in cash flow. Total monthly income is $2,359/mo, and annual cash flow is $12,458/yr on $72,930 invested. Return on cash invested sits at 36.99% in year one, and rental yield is 12.87% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 194.26% and total cumulative return in cash sums $141,671. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,359/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
10,270 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 |
|---|---|---|
| 2025-08-04 | Sold | $220,000 |
| 2025-06-18 | Pending sale | $220,000 |
| 2025-06-11 | Listed for sale | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | N/A | N/A | N/A | N/A |
| 2023-10-23 | N/A | N/A | N/A | N/A |
| 2022-10-23 | N/A | N/A | N/A | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
