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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 987 Deer Creek Ln, Washington, IN, 47501 with 5% annual appreciation on a $405,000 basis while $3,316/mo rent supports operations. Total monthly income totals $3,316/mo and a $1,982/mo payment preserves $885/mo for cash returns. Annual cash flow comes to $10,621/yr on $134,258 deployed, and return on cash invested reaches 27.82% in year one. Equity gained on principal adds $2,613/yr, and five-year appreciation sums $111,894 alongside rental yield of 9.83%. Five-year ROI measures 145.05% and total cumulative return in cash totals $194,738.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,316/mo property income versus a $1,982/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2014
0.50 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 |
|---|---|---|
| 2025-03-14 | Sold | $405,000 |
| 2025-02-06 | Pending sale | $424,900 |
| 2024-11-20 | Price change | $424,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2018-10-22 | $255.20 | 45.18% | $13,300 | -1.48% |
| 2017-10-22 | $175.78 | N/A | $13,500 | 39.18% |
| 2016-10-22 | $175.78 | 14.07% | $9,700 | -95.54% |
Listed by: Kelly Durnil • RE/MAX Elite
Mls Name: IRMLS
Mls Provider:
Mls ID: #202426257
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.
