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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 1003 SW 2nd St, Washington, IN, 47501 listed at $289,000 pairs $1,808/mo rent with a $1,415/mo payment to leave $71/mo cash flow. Total monthly income runs $1,808/mo, and annual cash flow reaches $849/yr on $95,804 cash to close. Return on cash invested measures 20.8% in year one, and rental yield registers 7.51% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 107.37% and total cumulative return in cash totals $102,866. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,808/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.48 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 |
|---|---|---|
| 2025-03-11 | Listed for sale | $289,000 |
| 2021-05-28 | Sold | $215,000 |
| 2021-04-14 | Pending sale | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | $2423.00 | 18.20% | $249,500 | 2.97% |
| 2023-03-13 | $2050.00 | 45.37% | $242,300 | 18.20% |
| 2022-03-13 | $1410.22 | 2.00% | $205,000 | 18.84% |
Listed by: Chris Craig • Home & Harvest Properties LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507682
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.
