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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 8513 N State Rd, Washington, IN, 47501 priced at $248,800 pairs $2,040/mo rent with $546/mo cash flow after a $1,218/mo payment. Total monthly income equals $2,040/mo, and annual cash flow comes to $6,555/yr on $82,477 invested. Return on cash invested is 27.86% in year one, and rental yield stands at 9.84% on a $248,800 basis. Equity gained on principal adds $1,605/yr, and 5% annual appreciation accumulates to $68,739 by year five. Five-year ROI measures 145.25% and total cumulative return in cash reaches $119,801. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $1,218/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
2.29 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 |
|---|---|---|
| 2025-03-17 | Listed for sale | $248,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Anna Lou Chapman • RE/MAX Elite
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508636
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.
