417 E Washington StEatonIN47338
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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
Investment property for sale in Eaton at 417 E Washington St, Eaton, IN, 47338 uses $45,747 cash to close to unlock $3,001/yr annual cash flow and $250/mo monthly cash flow. Total monthly income runs $1,078/mo, and a $675/mo payment keeps the spread at $250/mo. Purchase price stands at $138,000, and rental yield measures 9.37% with $1,078/mo rent. Return on cash invested shows 26.47% in year one, and 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 137.89% and total cumulative return in cash records $63,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,078/mo property income covering a $675/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47338, Eaton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 864 (72.1%) |
| Renter Occupied HU | 179 (14.9%) |
| Vacant Housing Units | 156 (13.0%) |
| Median Home Value | $153,500 |
| Average Home Value | $187,891 |
Housing Distribution
Address Breakdown
Residential
904
Single Family
904
Multi-Family
0
Businesses
49
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