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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% |
Investment property for sale in Washington at 411 NW 2nd St, Washington, IN, 47501 listed at $114,900 pairs $890/mo rent with a $562/mo payment to leave $177/mo cash flow. Total monthly income runs $890/mo, and annual cash flow reaches $2,127/yr on $38,089 cash to close. Return on cash invested measures 25.49% in year one, and rental yield registers 9.3% at a $114,900 basis. Equity gained on principal adds $741/yr, and annual property appreciation at 5% supports $31,745 by year five. Five-year ROI tracks 132.89% and total cumulative return in cash totals $50,618. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $890/mo property income relative to a $562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
8,276 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 |
|---|---|---|
| 2025-03-12 | Listed for sale | $114,900 |
| 2011-01-01 | Sold | $34,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | $1234.00 | 17.41% | $127,900 | 3.65% |
| 2023-03-13 | $1051.00 | 9.85% | $123,400 | 17.41% |
| 2022-03-13 | $956.72 | 29.74% | $105,100 | 9.37% |
Listed by: Mary B Norris • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507904
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.
