900 Hillside DrSullivanIN47882
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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
Investment Highlights
Investment property for sale in Sullivan at 900 Hillside Dr, Sullivan, IN, 47882 uses $230,267 cash to close to unlock $2,283/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $4,392/mo, and a $3,426/mo payment keeps the spread at $190/mo. Purchase price stands at $699,900, and rental yield measures 7.53% with $4,392/mo rent. Return on cash invested shows 21.05% in year one, and 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 108.7% and total cumulative return in cash records $250,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,392/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 2001
9.95 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,664
Single Family
3,451
Multi-Family
213
Businesses
313
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