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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 826 SE 2nd St, Washington, IN, 47501 generates $1,657/mo in rent and, after a $1,126/mo payment, leaves $276/mo in cash flow. Total monthly income is $1,657/mo, and annual cash flow is $3,313/yr on $76,245 invested. Return on cash invested sits at 24.25% in year one, and rental yield is 8.65% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 125.95% and total cumulative return in cash sums $96,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,657/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
0.33 Acres 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 |
|---|---|---|
| 2025-06-23 | Listed for sale | $230,000 |
| 2021-10-07 | Sold | $170,000 |
| 2021-09-13 | Pending sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-25 | $796.06 | 18.92% | $137,600 | 50.05% |
| 2023-06-25 | $669.40 | 2.11% | $91,700 | 15.64% |
| 2022-06-25 | $655.54 | 40.15% | $79,300 | 8.19% |
Listed by: Beverly Lawyer • Century 21 Classic Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524018
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.
