408 John StWashingtonIN47501
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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
Investment property for sale in Washington at 408 John St, Washington, IN, 47501 with 5% annual appreciation on a $109,500 basis while $871/mo rent supports operations. Total monthly income totals $871/mo and a $536/mo payment preserves $214/mo for cash returns. Annual cash flow comes to $2,564/yr on $36,299 deployed, and return on cash invested reaches 26.97% in year one. Equity gained on principal adds $707/yr, and five-year appreciation sums $30,253 alongside rental yield of 9.55%. Five-year ROI measures 140.49% and total cumulative return in cash totals $50,999.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $871/mo property income versus a $536/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
7,405 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,274
Single Family
6,959
Multi-Family
315
Businesses
705
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Listed by: Shelley R Brinson • Century 21 Classic Realty
Mls Name: IRMLS
Mls ID: #202528423