2405 Glenwood DrWashingtonIN47501
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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
Investment property for sale in Washington at 2405 Glenwood Dr, Washington, IN, 47501 uses $213,817 cash to close to unlock $608/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $3,952/mo, and a $3,181/mo payment keeps the spread at $51/mo. Purchase price stands at $649,900, and rental yield measures 7.3% with $3,952/mo rent. Return on cash invested shows 20.34% in year one, and 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 104.9% and total cumulative return in cash records $224,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,952/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.73 Acres 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: N/A • N/A
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