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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 402 E William St, Washington, IN, 47501 priced at $140,000 converts $1,085/mo rent into $245/mo cash flow after a $685/mo obligation. Total monthly income equals $1,085/mo, and annual cash flow totals $2,938/yr on $46,410 invested. Return on cash invested prints 26.24% in year one, and rental yield reads 9.3% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 136.54% and total cumulative return in cash sums $63,370. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,085/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1923
7,405 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 |
|---|---|---|
| 2025-04-29 | Listed for sale | $140,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Delmar W Wagler • Integrity Realty Group LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515077
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.
