721 E Beech St, Sullivan, IN, 47882 | $171/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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721 E Beech St, Sullivan, IN, 47882 | $171/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 721 E Beech St, Sullivan, IN, 47882 offers $843/mo rent that, after a $548/mo payment, leaves $171/mo cash flow. Total monthly income is $843/mo, and annual cash flow is $2,050/yr on $37,128 cash. Return on cash invested measures 25.43% in year one, and rental yield stands at 9.03% at a $112,000 entry. Equity gained on principal adds $723/yr while 5% annual appreciation compounds into $30,944 by year five. Five-year ROI records 132.23% and total cumulative return in cash reaches $49,095. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $843/mo property income versus a $548/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

8,700 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into your dream home with this delightful house located in the heart of Sullivan! This cozy yet spacious home features two inviting bedrooms and a well-appointed bathroom, making it perfect for first-time buyers or those looking to downsize without compromising comfort. Spacious Layout: With 1,158 square feet of well-designed living space, this home provides the perfect balance of comfort and functionality. Enjoy family gatherings in the dining room or unwind in the cozy living areas. Welcoming Front Porch: The charming front porch invites you to sit back and soak up the friendly neighborhood vibes. It's the perfect spot for morning coffee or evening relaxation. Nice Yard: The ample yard space offers endless possibilities! Imagine summer barbecues, gardening, or simply enjoying the fresh air in your private oasis. Great Location: Situated in a desirable area, you're just moments away from local amenities, parks, and schools, making this home ideal for families or anyone who appreciates convenience. Don't miss out on the opportunity to own this lovely home in a great location! With its captivating charm and functional design, its ready for you to make it your own. Whether you're looking to start a new chapter or downsize, this property is a perfect fit!

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