903 NE 2nd StWashingtonIN47501
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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
Investment Highlights
Investment property for sale in Washington at 903 NE 2nd St, Washington, IN, 47501 uses $54,698 cash to close to unlock $3,373/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,272/mo, and a $808/mo payment keeps the spread at $281/mo. Purchase price stands at $165,000, and rental yield measures 9.25% with $1,272/mo rent. Return on cash invested shows 26.08% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 135.78% and total cumulative return in cash records $74,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,272/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1967
7,200 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: Jon Pierce • RE/MAX Elite
Mls Name: IRMLS
Mls ID: #202536437