2666 E 550th Rd S, Washington, IN, 47501 | $211/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2666 E 550th Rd S, Washington, IN, 47501 | $211/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 2666 E 550th Rd S, Washington, IN, 47501 listed at $114,900 pairs $900/mo rent with a $562/mo payment to leave $211/mo cash flow. Total monthly income runs $900/mo, and annual cash flow reaches $2,528/yr on $38,089 cash to close. Return on cash invested measures 26.55% in year one, and rental yield registers 9.4% at a $114,900 basis. Equity gained on principal adds $741/yr, and annual property appreciation at 5% supports $31,745 by year five. Five-year ROI tracks 138.22% and total cumulative return in cash totals $52,646. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $900/mo property income relative to a $562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1999

0.86 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked away on 0.86 acres, this 3-bedroom, 2-bath manufactured home offers the kind of country setting many dream about - quiet mornings, open space, and room to create something truly your own. A large pole barn stands ready for storage, hobbies, or the workshop youve always wanted. From this peaceful location, youre just steps from Highway 257 and minutes from Interstate 69, giving you the rare combination of rural tranquility and easy access to surrounding towns, shopping, and services. Inside, the home is ready for a fresh vision. It needs substantial interior updates, making it the perfect project for investors, renovators, or anyone eager to bring new life to a property with so much potential. Imagine designing each room to your taste, then enjoying evenings on your land, surrounded by the beauty of the countryside. If youve been searching for your next investment or a place to create your own country retreat, this property could be the one. Please note: the home will not qualify for government financing and is being sold as-is.

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