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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 502 W Van Trees St, Washington, IN, 47501 offers a 9.07% rental yield on a $140,000 purchase with $1,058/mo rent. Total monthly income registers $1,058/mo, and a $685/mo payment leaves $218/mo available for distribution. Annual cash flow reaches $2,614/yr on $46,410 to close, and return on cash invested stands at 25.54% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 132.8% and total cumulative return in cash at $61,630. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,058/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
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 |
|---|---|---|
| 2025-05-12 | Listed for sale | $140,000 |
| 2010-02-06 | Listing removed | $34,900 |
| 2009-08-14 | Listed for sale | $34,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-14 | $383.76 | 0.48% | $60,800 | 4.47% |
| 2023-05-14 | $381.92 | 3.79% | $58,200 | 17.58% |
| 2022-05-14 | $367.98 | 13.53% | $49,500 | 10.74% |
Listed by: Delmar J Knepp • Honey Bee Realty Co. LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517288
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.
