2846 Shepherds Way, Washington, IN, 47501 | 5.44% Rental Yield

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2846 Shepherds Way, Washington, IN, 47501 | 5.44% Rental Yield | 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 2846 Shepherds Way, Washington, IN, 47501 offers a 5.44% rental yield on a $449,900 purchase with $2,040/mo rent. 59% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 74.1% and total cumulative return in cash at $110,518. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2013

1.60 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled in a tranquil and beautiful location just south of town, this exceptional property offers the perfect balance of country living with modern amenities. Sitting on over 1.6 acres of lush land, this spacious home boasts 3,374 square feet of thoughtfully designed living space, including four generously sized bedrooms and three full bathrooms. The heart of the home is the open-concept kitchen, featuring gorgeous quartz countertops and a central island, perfect for entertaining or family meals. High-end stainless-steel appliances, including a refrigerator, range, and dishwasher, complete the chef-inspired setup. Beautiful wood laminate flooring flows seamlessly throughout the main level, enhancing the bright and airy feel of the home. The fully finished walkout basement offers endless possibilities, from a cozy family room to a dedicated home office or gym. A standout feature of the basement is the secure concrete vault room, providing peace of mind with its superior safety and security features. Step outside to the gorgeous covered back porch, where you can relax and enjoy panoramic views of mature trees and surrounding farmland. Its the perfect spot to unwind and take in the peaceful sounds of nature. This home also features high-speed fiber internet, ensuring you stay connected while living out in the country. For added convenience, the attached two-car garage offers ample storage space. With its perfect blend of seclusion and convenience, this home is just minutes from town, making it an ideal escape with all the benefits of modern living. Don't miss your chance to own this beautiful country retreat!

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