317 SE 7th St, Washington, IN, 47501 | $476/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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317 SE 7th St, Washington, IN, 47501 | $476/mo Cash Flow | 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 317 SE 7th St, Washington, IN, 47501 offers a 10.79% rental yield on a $159,000 purchase with $1,430/mo rent. Total monthly income registers $1,430/mo, and a $778/mo payment leaves $476/mo available for distribution. Annual cash flow reaches $5,709/yr on $52,709 to close, and return on cash invested stands at 30.74% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 160.69% and total cumulative return in cash at $84,696. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,430/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1936

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Turnkey Charm in the Heart of Washington! Right in the middle of it all, this 2-bedroom, 1-bath home offers over 1,000 sq. ft. of thoughtfully updated living space, plus a full unfinished basement and a 2.5-car detached garage. With quick access to East National Highway and State Road 57, getting anywhere in town is a breeze. Step inside and youll immediately notice the fresh updates completed within the last year: Brand-new plumbing and upstairs laundry connections for modern convenience Fully remodeled kitchen with ceiling-height soft-close cabinets, quartz countertops, oversized sink, island seating, and a mix of pendant and recessed lighting All new Whirlpool stainless appliancesrefrigerator, range, microwave, and dishwashernever used, ready for you Completely new bathroom featuring a spacious vanity New doors throughout the home for a crisp, modern look Updated landscaping for curb appeal Interior & exterior lighting upgrades to brighten every corner This home balances practical function with stylish upgrades, offering a move-in ready option where all the work is already done. Whether its enjoying morning coffee at the island, tinkering in the oversized garage, or taking advantage of the easy cross-town access, this property is set up to simplify your life while keeping you connected to everything Washington has to offer. Location. Updates. Space. This one checks all the boxes.

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