2654 E 300th Rd SWashingtonIN47501
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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 2654 E 300th Rd S, Washington, IN, 47501 generates $1,956/mo in rent and, after a $1,219/mo payment, leaves $461/mo in cash flow. Total monthly income is $1,956/mo, and annual cash flow is $5,532/yr on $82,544 invested. Return on cash invested sits at 26.61% in year one, and rental yield is 9.43% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 138.6% and total cumulative return in cash sums $114,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,956/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.62 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: Chris Craig • Home & Harvest Properties LLC
Mls Name: IRMLS
Mls ID: #202540648