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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 1421 State St, Washington, IN, 47501 at $167,450 posts ROI 31.89% with $554/mo cash flow from $1,560/mo rent. Total monthly income equals $1,560/mo, and annual cash flow records $6,653/yr on $55,510 to close. Return on cash invested measures 31.89% and rental yield reads 11.18% at the current $167,450. Equity gained on principal adds $1,081/yr, and 5% annual appreciation supports $46,263 by year five. Five-year ROI prints 166.93% and total cumulative return in cash totals $92,665.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,560/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
0.28 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 |
|---|---|---|
| 2025-06-20 | Sold | $167,450 |
| 2025-05-15 | Pending sale | $179,900 |
| 2025-05-08 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $529.88 | 1.99% | $133,200 | 3.98% |
| 2023-10-20 | $519.52 | 2.00% | $128,100 | 18.94% |
| 2022-10-20 | $509.32 | 2.00% | $107,700 | 9.12% |
What's Special
Pull Down Stairs
Listed by: Paula Potts • Century 21 Classic Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516620
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.
