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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% |
Rental property for sale in Washington at 307 W Flora St, Washington, IN, 47501 generates $1,691/mo in rent and, after a $759/mo payment, leaves $760/mo in cash flow. Total monthly income is $1,691/mo, and annual cash flow is $9,123/yr on $51,383 invested. Return on cash invested sits at 37.66% in year one, and rental yield is 13.09% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 197.86% and total cumulative return in cash sums $101,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,691/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
6,534 sqft 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 |
|---|---|---|
| 2025-10-09 | Sold | $155,000 |
| 2025-09-19 | Pending sale | $168,900 |
| 2025-08-07 | Price change | $168,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $400.96 | 0.18% | $62,400 | 3.83% |
| 2023-10-30 | $400.24 | 1.86% | $60,100 | 17.15% |
| 2022-10-30 | $392.92 | 13.22% | $51,300 | 8.69% |
Listed by: Gibson Goodness • RE/MAX Local
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523124
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.
