1608 Grand AveWashingtonIN47501
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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
Investment Highlights
Investment property for sale in Washington at 1608 Grand Ave, Washington, IN, 47501 offers a 17.81% rental yield on a $117,000 purchase with $1,736/mo rent. Total monthly income registers $1,736/mo, and a $573/mo payment leaves $931/mo available for distribution. Annual cash flow reaches $11,167/yr on $38,786 to close, and return on cash invested stands at 48.7% in year one. Equity gained on principal adds $755/yr while 5% annual appreciation supports $32,325 over five years. Portfolio math shows five-year ROI at 258.22% and total cumulative return in cash at $100,153. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,736/mo property income against a $573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
5,662 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
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Listed by: Diana Arnold • ARNOLD REAL ESTATE N
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437125
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.