4010 Washington AveBedfordIN47421
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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
Investment Highlights
Rental property for sale in Bedford at 4010 Washington Ave, Bedford, IN, 47421 generates $1,805/mo in rent and, after a $1,065/mo payment, leaves $468/mo in cash flow. Total monthly income is $1,805/mo, and annual cash flow is $5,615/yr on $72,101 invested. Return on cash invested sits at 27.7% in year one, and rental yield is 9.96% on a $217,500 entry. Equity gained on principal adds $1,403/yr, while 5% annual appreciation builds toward $60,091 over five years. Five-year ROI reaches 144.54% and total cumulative return in cash sums $104,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,805/mo property income rather than buyer’s personal income.
Single Family
Built in 1943
2.50 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,866 (100%) |
| Owner Occupied HU | 8,906 (69.2%) |
| Renter Occupied HU | 2,874 (22.3%) |
| Vacant Housing Units | 1,086 ( 8.4%) |
| Median Home Value | $213,813 |
| Average Home Value | $236,330 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,103
Multi-Family
344
Businesses
999
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-22 | Sold | $217,500 |
| 2024-09-18 | Price change | $239,900 |
| 2024-09-10 | Price change | $249,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $2178.00 | 11.08% | $197,600 | 6.24% |
| 2023-10-22 | $1960.82 | 15.16% | $186,000 | 7.64% |
| 2022-10-22 | $1702.62 | 6.03% | $172,800 | 14.44% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1943
- Architectural Style: N/A
- Building Area: 2,280
- Living Area: 1,464 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric, Heat Pump
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Formal Dining Room
- Exterior Features: N/A
- Parking Features: Detached, Gravel
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Public, Bedford City Utilities
- Road Surface Type: N/A
School Information
- Elementary School: Parkview
- Middle School: Bedford
- High School: Bedford-North Lawrence
Listed by: Karen A Goodwine • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432814
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.