322 N Washington StWorthingtonIN47471
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Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Worthington at 322 N Washington St, Worthington, IN, 47471 offers $1,200/mo rent that, after a $783/mo payment, leaves $240/mo cash flow. Total monthly income is $1,200/mo, and annual cash flow is $2,877/yr on $53,007 cash. Return on cash invested measures 25.34% in year one, and rental yield stands at 9.01% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 131.7% and total cumulative return in cash reaches $69,810. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 826 (69.5%) |
| Renter Occupied HU | 226 (19.0%) |
| Vacant Housing Units | 136 (11.4%) |
| Median Home Value | $122,464 |
| Average Home Value | $181,262 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,162
Multi-Family
25
Businesses
84
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Listed by: Corey Mauder • Century 21 Scheetz - Bloomington
Mls Name: IRMLS
Mls ID: #202540442