5830 S Alexander Hill Rd, Washington, IN, 47501 | $63/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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5830 S Alexander Hill Rd, Washington, IN, 47501 | $63/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Washington at 5830 S Alexander Hill Rd, Washington, IN, 47501 generates $2,014/mo in rent and, after a $1,591/mo payment, leaves $63/mo in cash flow. Total monthly income is $2,014/mo, and annual cash flow is $753/yr on $107,738 invested. Return on cash invested sits at 20.61% in year one, and rental yield is 7.44% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 106.34% and total cumulative return in cash sums $114,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,014/mo property income rather than buyer’s personal income.

Single Family

Built in 1984

2.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Country Living! This unique property has so much to offer with 2 livable homes and 24x32 detached garage, all on 2.35AC. The main house is 1665 sf, open floor plan, features 3 bdrms, 1.5 baths, office, & spacious laundry room. The smaller house is 768 sf, features 1 bdrm, 1 full bath, living area, & kitchen with range & refrigerator. Must see this property to appreciate all of the possibilities it has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47501, Washington, IN area.

Housing Distribution

Housing Statistics

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