603 E Van Trees StWashingtonIN47501
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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
Investment Highlights
Rental property for sale in Washington at 603 E Van Trees St, Washington, IN, 47501 priced at $194,900 converts $1,558/mo rent into $388/mo cash flow after a $954/mo obligation. Total monthly income equals $1,558/mo, and annual cash flow totals $4,656/yr on $64,609 invested. Return on cash invested prints 27.12% in year one, and rental yield reads 9.59% against a $194,900 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,847 by year five. Five-year ROI reaches 141.23% and total cumulative return in cash sums $91,251. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,558/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,274
Single Family
6,959
Multi-Family
315
Businesses
705
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Listed by: Paula Potts • Century 21 Classic Realty
Mls Name: IRMLS
Mls ID: #202543664