2001 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
Rental property for sale in Washington at 2001 Grand Ave, Washington, IN, 47501 generates $1,446/mo in rent and, after a $807/mo payment, leaves $456/mo in cash flow. Total monthly income is $1,446/mo, and annual cash flow is $5,475/yr on $54,664 invested. Return on cash invested sits at 29.92% in year one, and rental yield is 10.52% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 156.37% and total cumulative return in cash sums $85,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,446/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
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: Mark J Graber • Honey Bee Realty Co. LLC
Mls Name: IRMLS
Mls ID: #202530411