315 W Washington St, Tipton, IN, 46072 | 6.83% Rental Yield

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315 W Washington St, Tipton, IN, 46072 | 6.83% 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

Rental property for sale in Tipton at 315 W Washington St, Tipton, IN, 46072 priced at $219,900 pairs $1,252/mo rent with after a $1,076/mo payment. Total monthly income equals $1,252/mo. Return on cash invested is 18.79% in year one, and rental yield stands at 6.83% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 96.67% and total cumulative return in cash reaches $70,468. For financing, Ziffy Mortgage’s DSCR program evaluates $1,252/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1910

2,744 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into the charm of this beautifully maintained 1910s home, offering timeless character blended with thoughtful modern updates. With 1,820 sq. ft. of living space and a full-size unfinished basement, this property provides both function and flexibility. The home welcomes you with a quaint enclosed front porch. Inside, you'll find three spacious bedrooms on the upper level, convenient second-floor laundry, and fresh interior paint throughout. The main floor offers a warm and inviting layout and plenty of natural light. Enjoy the fully fenced backyard, complete with a concrete patio and storage shed, perfect for outdoor entertaining or everyday relaxation. Major updates in the last 10 years have already been completed for peace of mind, including: New furnace (2023), New A/C unit (2022), New roof and gutters (2022), Whole house rewired (2014), Ten new windows installed (2019), Main floor half bath updated (2018), Kitchen updated with new sink, faucet, and flooring (2021), Upstairs bathroom remodeled (2018) with new toilet, tub, and tile flooring, New vinyl privacy fence (2018), Concrete slab poured for patio (2018), Partial new plumbing, New sidewalk (2017), New carpet in living room, dining area, and main bedroom (2022). Warm and inviting home close to downtown tipton!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46072, Tipton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,128 (100%)
Owner Occupied HU	3,001 (72.7%)
Renter Occupied HU	817 (19.8%)
Vacant Housing Units	310 ( 7.5%)
Median Home Value	$208,736
Average Home Value	$239,538