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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 4495 S Ridge Ln, Washington, IN, 47501 priced at $375,000 converts $2,272/mo rent into after a $1,835/mo obligation. Total monthly income equals $2,272/mo. Return on cash invested prints 19.79% in year one, and rental yield reads 7.27% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 102.13% and total cumulative return in cash sums $126,963. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,272/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 2003
1.40 Acres lot
$N/A/sqft
$400 annually 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 |
|---|---|---|
| 2025-04-03 | Listed for sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $1011.02 | -15.83% | $224,100 | 1.59% |
| 2023-04-08 | $1201.18 | 8.56% | $220,600 | 2.65% |
| 2022-04-08 | $1106.48 | 36.73% | $214,900 | 9.81% |
Listed by: Anna Lou Chapman • RE/MAX Elite
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511229
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.
