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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 701 W Walnut St, Washington, IN, 47501 generates $1,740/mo in rent and, after a $874/mo payment, leaves $668/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $8,018/yr on $59,173 invested. Return on cash invested sits at 33.46% in year one, and rental yield is 11.7% on a $178,500 entry. Equity gained on principal adds $1,152/yr, while 5% annual appreciation builds toward $49,316 over five years. Five-year ROI reaches 175.34% and total cumulative return in cash sums $103,754. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
5,397 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 |
|---|---|---|
| 2025-08-08 | Sold | $178,500 |
| 2025-07-12 | Pending sale | $182,500 |
| 2025-07-01 | Listed for sale | $182,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $1283.00 | 18.14% | $66,100 | 4.26% |
| 2023-10-08 | $1086.00 | 11.27% | $63,400 | 16.76% |
| 2022-10-08 | $976.00 | 176.39% | $54,300 | 11.27% |
Listed by: Mary Wade • RE/MAX Elite
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525366
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
