1001 SW 1st StWashingtonIN47501
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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 Washington at 1001 SW 1st St, Washington, IN, 47501 uses $98,886 cash to close to unlock $4,671/yr annual cash flow and $389/mo monthly cash flow. Total monthly income runs $2,240/mo, and a $1,460/mo payment keeps the spread at $389/mo. Purchase price stands at $298,300, and rental yield measures 9.01% with $2,240/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $82,415 over five years. Five-year ROI reaches 128.23% and total cumulative return in cash records $126,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,240/mo property income covering a $1,460/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47501, Washington, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,274
Single Family
6,959
Multi-Family
315
Businesses
705
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