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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 505 Front St, Washington, IN, 47501 offers $1,594/mo rent that, after a $976/mo payment, leaves $394/mo cash flow. Total monthly income is $1,594/mo, and annual cash flow is $4,723/yr on $66,134 cash. Return on cash invested measures 27.05% in year one, and rental yield stands at 9.59% at a $199,500 entry. Equity gained on principal adds $1,287/yr while 5% annual appreciation compounds into $55,118 by year five. Five-year ROI records 140.94% and total cumulative return in cash reaches $93,211. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,594/mo property income versus a $976/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
7,840 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 |
|---|---|---|
| 2025-04-29 | Listed for sale | $199,500 |
| 2021-05-10 | Sold | $184,000 |
| 2021-03-29 | Pending sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $1695.00 | 17.22% | $177,000 | 4.42% |
| 2023-04-30 | $1446.00 | 11.32% | $169,500 | 17.22% |
| 2022-04-30 | $1299.00 | 2305.56% | $144,600 | 11.32% |
Listed by: Shelley R Brinson • Century 21 Classic Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514972
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.
