7 Magnolia DrWashingtonIN47501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7 Magnolia Dr, Washington, IN, 47501 priced at $269,900 pairs $2,521/mo rent with $901/mo cash flow after a $1,321/mo payment. Total monthly income equals $2,521/mo, and annual cash flow comes to $10,810/yr on $89,472 invested. Return on cash invested is 31.99% in year one, and rental yield stands at 11.21% on a $269,900 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,568 by year five. Five-year ROI measures 167.39% and total cumulative return in cash reaches $149,766. For financing, Ziffy Mortgage’s DSCR program evaluates $2,521/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
0.68 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: Kevin Wade • Century 21 Classic Realty
Mls Name: IRMLS
Mls ID: #202535815