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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% |
Investment property for sale in Washington at 940 NW 2nd St, Washington, IN, 47501 listed at $252,000 pairs $2,142/mo rent with a $1,233/mo payment to leave $620/mo cash flow. Total monthly income runs $2,142/mo, and annual cash flow reaches $7,443/yr on $83,538 cash to close. Return on cash invested measures 28.82% in year one, and rental yield registers 10.2% at a $252,000 basis. Equity gained on principal adds $1,626/yr, and annual property appreciation at 5% supports $69,623 by year five. Five-year ROI tracks 150.47% and total cumulative return in cash totals $125,702. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,142/mo property income relative to a $1,233/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
0.34 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 |
|---|---|---|
| 2025-08-21 | Sold | $252,000 |
| 2025-07-21 | Pending sale | $250,000 |
| 2025-05-12 | Price change | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $2205.00 | 18.11% | $201,500 | 3.71% |
| 2023-10-22 | $1866.90 | 7.40% | $194,300 | 11.47% |
| 2022-10-22 | $1738.32 | 10.79% | $174,300 | 8.13% |
Listed by: Kelly Durnil • RE/MAX Elite
Mls Name: IRMLS
Mls Provider:
Mls ID: #202416717
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.
