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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 554 W Frakes St, Sullivan, IN, 47882 generates $2,984/mo in rent and, after a $1,615/mo payment, leaves $1,003/mo in cash flow. Total monthly income is $2,984/mo, and annual cash flow is $12,040/yr on $109,362 invested. Return on cash invested sits at 30.92% in year one, and rental yield is 10.85% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 161.65% and total cumulative return in cash sums $176,787. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,984/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
7.63 Acres 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 |
|---|---|---|
| 2025-03-19 | Listed for sale | $329,900 |
| 2011-09-23 | Sold | $173,500 |
| 2011-07-08 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-20 | $1434.22 | 10.52% | $143,700 | -1.78% |
| 2022-03-20 | $1297.68 | -1.13% | $146,300 | 9.59% |
| 2021-03-20 | $1312.48 | 11.70% | $133,500 | -0.22% |
Listed by: Danielle Mckinney • Berkshire Hathaway HomeServices Newlin-Miller REALTORS
Mls Name: THAAR
Mls Provider:
Mls ID: #105824
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Terre Haute Area Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright 2025 Terre Haute Area Association of Realtors. All Rights Reserved. Last Updated: 2025-03-20 07:15:20 PDT
