705 SW 1st St, Washington, IN, 47501 | $319/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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705 SW 1st St, Washington, IN, 47501 | $319/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

Rental property for sale in Washington at 705 SW 1st St, Washington, IN, 47501 generates $1,458/mo in rent and, after a $929/mo payment, leaves $319/mo in cash flow. Total monthly income is $1,458/mo, and annual cash flow is $3,822/yr on $62,952 invested. Return on cash invested sits at 25.98% in year one, and rental yield is 9.21% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 135.2% and total cumulative return in cash sums $85,109. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,458/mo property income rather than buyer’s personal income.

Single Family

Built in 1885

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming bungalow style home that has been renovated, keeping some of the original character alongside the new minimalist arts and crafts era with clean lines. You'll see this in the brick accents that are original to the home and surprising detail in the columns and tray ceiling in the main ensuite. This home includes 2 bedrooms, 2 baths, open floor plan, and a lovely backyard.

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