107 NE 2nd St, Washington, IN, 47501 | $171/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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107 NE 2nd St, Washington, IN, 47501 | $171/mo Cash Flow | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Washington at 107 NE 2nd St, Washington, IN, 47501 uses $36,465 cash to close to unlock $2,053/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $831/mo, and a $538/mo payment keeps the spread at $171/mo. Purchase price stands at $110,000, and rental yield measures 9.07% with $831/mo rent. Return on cash invested shows 25.54% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 132.92% and total cumulative return in cash records $48,468. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $831/mo property income covering a $538/mo payment rather than investor’s personal income.

Single Family

Built in 1970

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Nice 2 bed 1 bath Rental Home Located in Washington that was a past Attorneys office. Nice home, Affordable Priced, in a great Location. This Home currently is currently Leased and Selling Subject to Tenants Rights. Possession would not be available until Rental Lease Ends. Investor Buyers will definitely want tenant to stay as they take really good care of the home.

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