644 N 350 E, Washington, IN, 47501 | $162/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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644 N 350 E, Washington, IN, 47501 | $162/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

Investment property for sale in Washington at 644 N 350 E, Washington, IN, 47501 uses $84,533 cash to close to unlock $1,948/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $1,693/mo, and a $1,248/mo payment keeps the spread at $162/mo. Purchase price stands at $255,000, and rental yield measures 7.97% with $1,693/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 114.99% and total cumulative return in cash records $97,208. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,693/mo property income covering a $1,248/mo payment rather than investor’s personal income.

Single Family

Built in 1973

1.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Country charm with endless possibilities. Escape to tranquility in this beautifully situated country property offering breathtaking views. With newer siding, roof, furnace, and central air the big items are already done. This home is ready for you to finish the interior the way you want. Also included is a 24 x 32 barn and large 1.5 acre lot.

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