2257 S State Road 57, Washington, IN, 47501 | $227/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2257 S State Road 57, Washington, IN, 47501 | $227/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 2257 S State Road 57, Washington, IN, 47501 earns $227/mo cash flow from $1,938/mo rent with a $1,395/mo payment. Total monthly income totals $1,938/mo, and annual cash flow totals $2,725/yr on $94,478 capital. ROI tracks 22.79% on current figures, and rental yield reads 8.16% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 118.12% and total cumulative return in cash sums $111,594. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,938/mo property income instead of your personal income.

Single Family

Built in 1970

1.56 Acres lot

$N/A/sqft

No HOA

More details about the property

This spacious one-level home offers the perfect blend of comfort, functionality, and peaceful surroundings. Featuring three bedrooms and one-and-a-half baths, the home boasts a large living room, a cozy family room with a fireplace, and a dedicated office with a separate entranceideal for remote work or creative space. The open-concept kitchen and dining area make entertaining easy and enjoyable. Outside, youll find a large carport with an attached workshop area, plus a separate pole buildingperfect for hobbies, storage, or extra workspace. Relax in the gorgeous three season room overlooking beautifully landscaped grounds with mature shade trees that create an outdoor retreat. Located on the edge of town, this property offers a sense of privacy while still being conveniently close to amenities. A unique opportunity with plenty of space both inside and outdont miss your chance to own this home!

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