7 Tulip Ln, Washington, IN, 47501 | $590/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7 Tulip Ln, Washington, IN, 47501 | $590/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 7 Tulip Ln, Washington, IN, 47501 earns $590/mo cash flow from $2,390/mo rent with a $1,468/mo payment. Total monthly income totals $2,390/mo, and annual cash flow totals $7,075/yr on $99,417 capital. ROI tracks 27.03% on current figures, and rental yield reads 9.56% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 140.78% and total cumulative return in cash sums $139,960. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,390/mo property income instead of your personal income.

Single Family

Built in 1978

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Conveniently Located near town, yet situated on a quiet street! This beautiful Ranch style house offers brand new roof, 3 bedrooms , 3 full bathrooms, 2 living areas, a formal dining area, kitchen features gorgeous quartz countertops with island, new cabinetry (2024), features all new appliances, eat in kitchen,. Enjoy natural lighting throughout the house with built in sky lights. All windows are casement windows. Attractive crown molding through out. LVT flooring flows throughout. 3 bedrooms are generously sized, with ceiling fans, and closets. The master suite offers a walk in shower, single sink vanity, and closet. The main bathroom offers tub/shower combo, with double sink vanities. Additional living space is located in the full finished basement with spacious open floor plan and walkout with French Doors. 1 bedroom, 1 bath with tub/shower combo, lots of closet space throughout the basement for storage, and laundry area is located in the basement. Cozy up near the gas fireplace located in the family room. There is a perimeter drain, newly added sump pump with battery backup. Relax out on the wraparound deck with vinyl railing and enjoy the private fenced in backyard . An added bonus 2 car attached garage with attic pulled down stairs.

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