805 Center StWashingtonIN47501
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 805 Center St, Washington, IN, 47501 offers $1,774/mo rent that, after a $908/mo payment, leaves $660/mo cash flow. Total monthly income is $1,774/mo, and annual cash flow is $7,925/yr on $61,493 cash. Return on cash invested measures 32.8% in year one, and rental yield stands at 11.48% at a $185,500 entry. Equity gained on principal adds $1,197/yr while 5% annual appreciation compounds into $51,250 by year five. Five-year ROI records 171.75% and total cumulative return in cash reaches $105,615. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,774/mo property income versus a $908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
3,397 sqft 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: Kelly Durnil • RE/MAX Elite
Mls Name: IRMLS
Mls Provider:
Mls ID: #202427000
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.