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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% |
Investment property for sale in Washington at 10 Morningside Dr, Washington, IN, 47501 at $275,000 posts ROI 26.36% with $490/mo cash flow from $2,141/mo rent. Total monthly income equals $2,141/mo, and annual cash flow records $5,883/yr on $91,163 to close. Return on cash invested measures 26.36% and rental yield reads 9.34% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 137.24% and total cumulative return in cash totals $125,111.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,141/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47501, Washington, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,537 (100%) |
| Owner Occupied HU | 4,525 (60.0%) |
| Renter Occupied HU | 2,374 (31.5%) |
| Vacant Housing Units | 638 ( 8.5%) |
| Median Home Value | $201,066 |
| Average Home Value | $221,265 |
Residential
7,274
Single Family
6,959
Multi-Family
315
Businesses
705
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $275,000 |
| 2021-05-28 | Sold | $235,000 |
| 2021-04-22 | Pending sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-26 | $2117.00 | 39.09% | $220,600 | 4.20% |
| 2023-04-26 | $1522.00 | 119.04% | $211,700 | 39.09% |
| 2022-04-26 | $694.86 | 15.45% | $152,200 | 9.73% |
Listed by: Kelly Durnil • RE/MAX Elite
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514461
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
