1504 E National Hwy, Washington, IN, 47501 | $613/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1504 E National Hwy, Washington, IN, 47501 | $613/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Washington at 1504 E National Hwy, Washington, IN, 47501 generates $2,384/mo in rent and, after a $1,444/mo payment, leaves $613/mo in cash flow. Total monthly income is $2,384/mo, and annual cash flow is $7,356/yr on $97,793 invested. Return on cash invested sits at 27.43% in year one, and rental yield is 9.7% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 142.98% and total cumulative return in cash sums $139,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,384/mo property income rather than buyer’s personal income.

Single Family

Built in 1980

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained four bedroom brick home featuring three full baths, a spacious walkout basement, and a privacy-fenced backyard. Inside, youll find plenty of space for a growing family or multigenerational living. The finished lower level offers a bright living room, a private bedroom, a newly added full bath, and a convenient kitchenette area with a sink and room for appliances, plus abundant storage. A sun-filled three-seasons room off the basement provides the perfect spot for working from home, morning coffee, or simply relaxing. The three+ car garage includes a generous heated workshopideal for hobbyists or anyone needing a dedicated project area. Recent updates such as the roof and bathrooms offer added peace of mind. Centrally located near schools, shopping, restaurants, and the hospital, this warm and versatile home is move-in ready and full of possibilities.

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