114 SE 11th StWashingtonIN47501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 114 SE 11th St, Washington, IN, 47501 uses $43,062 cash to close to unlock $2,702/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,028/mo, and a $636/mo payment keeps the spread at $225/mo. Purchase price stands at $129,900, and rental yield measures 9.5% with $1,028/mo rent. Return on cash invested shows 26.18% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 136.59% and total cumulative return in cash records $58,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,028/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1891
6,969 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Nolan • MIDWEST REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509620
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.