219 NE 9th St, Washington, IN, 47501 | $617/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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219 NE 9th St, Washington, IN, 47501 | $617/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

Rental property for sale in Washington at 219 NE 9th St, Washington, IN, 47501 generates $2,040/mo in rent and, after a $1,160/mo payment, leaves $617/mo in cash flow. Total monthly income is $2,040/mo, and annual cash flow is $7,408/yr on $78,566 invested. Return on cash invested sits at 29.34% in year one, and rental yield is 10.33% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 153.19% and total cumulative return in cash sums $120,356. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,040/mo property income rather than buyer’s personal income.

Single Family

Built in 1917

7,100 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this beautifully updated Craftsman-style 3 bedroom, 1.5 bath brick home, ideally located near schools, hospital, and golf course. Relax in the inviting living room or entertain with ease in the formal dining room complete with built-in buffet. The charming kitchen features modern appliances, custom cabinets, and a spacious pantry. The main level also offers a half-bath & laundry area. Enjoy the outdoor areas on the spacious screened-in front porch or in the private vinyl-fenced backyard with aggregate and flagstone accents, perfect for gatherings! The oversized 2-car garage includes a loft with endless potential for a studio, office, or extra storage. This home is packed with upgrades and thoughtful detailstoo many to list. Come see it for yourself!

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