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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% |
Rental property for sale in Washington at 1004 SW 3rd St, Washington, IN, 47501 generates $2,117/mo in rent and, after a $1,322/mo payment, leaves $461/mo in cash flow. Total monthly income is $2,117/mo, and annual cash flow is $5,533/yr on $89,505 invested. Return on cash invested sits at 26.09% in year one, and rental yield is 9.41% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 135.96% and total cumulative return in cash sums $121,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,117/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.56 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 |
|---|---|---|
| 2025-04-04 | Sold | $270,000 |
| 2025-03-05 | Pending sale | $292,500 |
| 2025-01-08 | Price change | $292,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $2657.00 | -40.90% | $270,200 | 1.69% |
| 2023-10-22 | $4496.00 | 117.20% | $265,700 | 18.19% |
| 2022-10-22 | $2070.00 | 6.26% | $224,800 | 8.60% |
Listed by: Debbie Goodwin • Century 21 Classic Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434112
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.
