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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 1108 NE 6th St, Washington, IN, 47501 uses $72,930 cash to close to unlock $2,710/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,547/mo, and a $1,077/mo payment keeps the spread at $226/mo. Purchase price stands at $220,000, and rental yield measures 8.44% with $1,547/mo rent. Return on cash invested shows 23.62% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 122.52% and total cumulative return in cash records $89,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,547/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.34 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 |
|---|---|---|
| 2025-04-24 | Listed for sale | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-25 | $1830.00 | 14.23% | $188,900 | 4.25% |
| 2023-04-25 | $1602.00 | 9.95% | $181,200 | 14.39% |
| 2022-04-25 | $1457.00 | 6.58% | $158,400 | 10.08% |
Listed by: Clayton Wilson • Key Realty Indiana
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22034842
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-25 07:38:05 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
