1540 Troy Rd, Washington, IN, 47501 | 5.78% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1540 Troy Rd, Washington, IN, 47501 | 5.78% Rental Yield | 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

Total monthly income runs $1,614/mo, and a $1,640/mo payment. Purchase price stands at $335,000, and rental yield measures 5.78% with $1,614/mo rent. Return on cash invested shows 15.62% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 79.57% and total cumulative return in cash records $88,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,614/mo property income covering a $1,640/mo payment rather than investor’s personal income.

Single Family

Built in 1954

1.20 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Bedford Stone Home on 1.2 Acres Prime Troy Rd Location! Discover this well-maintained 3-bedroom, 1.5-bath Bedford Stone home conveniently located on Troy Road, offering quick access to the town of Washington and the Highway 50 bypass. Nestled on a generous 1.2-acre lot, this property features a spacious backyard perfect for gardening, outdoor activities, or a play area for children. Inside, youll find an inviting open-concept layout that connects the kitchen, dining, and living areas, creating a comfortable flow for everyday living and entertaining. The home features three roomy bedrooms with a substantial amount of closet storage throughout. The partially finished dry basement offers excellent potential already prepared for an additional bathroom or expanded living area. Car enthusiasts and hobbyists will appreciate the attached 2-car garage, connected to the home by an enclosed breezeway, as well as the separate 576 sq. ft. detached garage with a covered patio ideal for a workshop, small business, or additional storage. A large concrete driveway provides ample parking and easy access. With its combination of character, functionality, and location, this property is a wonderful place to call 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