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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Washington at 2968 E 450 S, Washington, IN, 47501 uses $91,163 cash to close to unlock $4,215/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $2,002/mo, and a $1,346/mo payment keeps the spread at $351/mo. Purchase price stands at $275,000, and rental yield measures 8.74% with $2,002/mo rent. Return on cash invested shows 24.53% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 127.43% and total cumulative return in cash records $116,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,002/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1895
3 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47501, Washington, IN area.
| 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 |
Residential
7,274
Single Family
6,959
Multi-Family
315
Businesses
705
Date | Event | Price |
|---|---|---|
| 2024-11-21 | Sold | $275,000 |
| 2024-10-21 | Pending sale | $284,900 |
| 2024-10-01 | Price change | $284,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1137.60 | -11.85% | $186,700 | 2.87% |
| 2023-10-22 | $1290.52 | 2.61% | $181,500 | 3.24% |
| 2022-10-22 | $1257.72 | 7.78% | $175,800 | 8.65% |
Listed by: Anna Lou Chapman • RE/MAX Elite
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430713
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
