601 W Washington St, Waynetown, IN, 47990 | 4.28% Rental Yield

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601 W Washington St, Waynetown, IN, 47990 | 4.28% Rental Yield | 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 Waynetown at 601 W Washington St, Waynetown, IN, 47990 priced at $212,000 converts $756/mo rent into after a $1,038/mo obligation. Total monthly income equals $756/mo. Return on cash invested prints 11.08% in year one, and rental yield reads 4.28% against a $212,000 entry. Equity gained on principal adds $1,368/yr, while 5% annual appreciation compiles into $58,572 by year five. Five-year ROI reaches 55.33% and total cumulative return in cash sums $38,887. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $756/mo property income covering a $1,038/mo payment, not borrower’s personal income.

Single Family

Built in 1938

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming four bedroom home on a corner lot! The spacious home is filled with character and offers flexible living spaces to fit your needs. Two bedrooms are on the main level and two upstairs, plus at the top of the stairs there is an additional area, currently used as a bedroom, but perfect for an office, playroom, or hobby space. Unfinished basement, for even more storage or expansion possibilities. The covered front porch is the perfect spot to relax, while the back patio offers a great space for outdoor entertaining. The oversized garage provides plenty of room for vehicles, storage, or even a workshop. Sitting on a corner lot, the yard is complete with a playset (included) and a doll house/playhouse (negotiable) With charm throughout, versatile spaces, and both indoor and outdoor areas to enjoy, this home is ready to welcome its next owners!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47990, Waynetown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	699 (100%)
Owner Occupied HU	544 (77.8%)
Renter Occupied HU	76 (10.9%)
Vacant Housing Units	79 (11.3%)
Median Home Value	$148,288
Average Home Value	$194,596