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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% |
Rental property for sale in Washington at 1901 Ridge Ct, Washington, IN, 47501 generates $2,148/mo in rent and, after a $1,468/mo payment, leaves $348/mo in cash flow. Total monthly income is $2,148/mo, and annual cash flow is $4,170/yr on $99,450 invested. Return on cash invested sits at 24.1% in year one, and rental yield is 8.59% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 125.1% and total cumulative return in cash sums $124,416. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,148/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.66 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 |
|---|---|---|
| 2025-08-26 | Sold | $300,000 |
| 2025-07-17 | Pending sale | $312,500 |
| 2025-06-23 | Price change | $312,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1457.46 | -14.12% | $242,000 | 3.15% |
| 2023-11-02 | $1697.00 | 75.40% | $234,600 | 3.53% |
| 2022-11-02 | $967.48 | 7.55% | $226,600 | 44.33% |
Listed by: Angela Barnard • RE/MAX Elite
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518515
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.
