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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 615 E Cass Washington St, Sullivan, IN, 47882 priced at $367,500 converts $1,688/mo rent into after a $1,799/mo obligation. Total monthly income equals $1,688/mo. Return on cash invested prints 14.8% in year one, and rental yield reads 5.51% against a $367,500 entry. Equity gained on principal adds $2,371/yr, while 5% annual appreciation compiles into $101,533 by year five. Five-year ROI reaches 75.23% and total cumulative return in cash sums $91,644. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,688/mo property income covering a $1,799/mo payment, not borrower’s personal income.
Single Family
Built in 2020
N/A 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 |
|---|---|---|
| 2025-08-05 | Listing removed | $380,000 |
| 2025-06-20 | Listed for sale | $380,000 |
| 2024-07-12 | Listing removed | $340,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #102677
