212 NE 9th St, Washington, IN, 47501 | $616/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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212 NE 9th St, Washington, IN, 47501 | $616/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

Investment property for sale in Washington at 212 NE 9th St, Washington, IN, 47501 listed at $205,000 pairs $1,846/mo rent with a $1,003/mo payment to leave $616/mo cash flow. Total monthly income runs $1,846/mo, and annual cash flow reaches $7,389/yr on $67,958 cash to close. Return on cash invested measures 30.78% in year one, and rental yield registers 10.81% at a $205,000 basis. Equity gained on principal adds $1,323/yr, and annual property appreciation at 5% supports $56,638 by year five. Five-year ROI tracks 160.91% and total cumulative return in cash totals $109,350. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,846/mo property income relative to a $1,003/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover this beautifully updated 4-bedroom, 2-bathroom home featuring a spacious screened-in porch perfect for relaxing, a two-car detached garage for ample storage, and a large bonus area upstairs ideal for a home office or entertainment space. Enjoy the newly renovated kitchen with contemporary finishes, along with many other recent updates over the past five years throughout the house. Located just two blocks from the high school, this property offers unbeatable convenience in a charming neighborhood.

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