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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 611 NW 6th St, Washington, IN, 47501 offers $1,237/mo rent that, after a $520/mo payment, leaves $599/mo cash flow. Total monthly income is $1,237/mo, and annual cash flow is $7,192/yr on $35,205 cash. Return on cash invested measures 40.34% in year one, and rental yield stands at 13.98% at a $106,200 entry. Equity gained on principal adds $685/yr while 5% annual appreciation compounds into $29,341 by year five. Five-year ROI records 212.2% and total cumulative return in cash reaches $74,707. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,237/mo property income versus a $520/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
5,880 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 |
|---|---|---|
| 2025-03-21 | Listing removed | $114,900 |
| 2025-03-07 | Pending sale | $114,900 |
| 2025-03-06 | Price change | $114,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $246.96 | 102.69% | $87,000 | 3.94% |
| 2023-10-22 | $121.84 | 52.45% | $83,700 | 15.93% |
| 2022-10-22 | $79.92 | 210.49% | $72,200 | 8.73% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
