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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 512 Meredith St, Washington, IN, 47501 at $139,000 posts ROI 30.95% with $424/mo cash flow from $1,258/mo rent. Total monthly income equals $1,258/mo, and annual cash flow records $5,087/yr on $46,079 to close. Return on cash invested measures 30.95% and rental yield reads 10.86% at the current $139,000. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 by year five. Five-year ROI prints 161.82% and total cumulative return in cash totals $74,564.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,258/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
5,662 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 |
|---|---|---|
| 2025-03-23 | Listed for sale | $139,000 |
| 2010-04-15 | Sold | $16,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-25 | $1138.00 | 17.93% | $58,500 | 3.91% |
| 2023-03-25 | $965.00 | 8.06% | $56,300 | 17.78% |
| 2022-03-25 | $893.00 | 11.21% | $47,800 | 8.14% |
Listed by: Jeff Hume • Honey Bee Realty Co. LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509490
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.
