644 N 350 EWashingtonIN47501
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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
Investment property for sale in Washington at 644 N 350 E, Washington, IN, 47501 uses $84,533 cash to close to unlock $4,396/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $1,897/mo, and a $1,248/mo payment keeps the spread at $366/mo. Purchase price stands at $255,000, and rental yield measures 8.93% with $1,897/mo rent. Return on cash invested shows 25.11% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 130.51% and total cumulative return in cash records $110,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,897/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
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: Tim J Wagner • Vic Hopkins Agency
Mls Name: IRMLS
Mls ID: #202545607