106 W Detchon St, New Richmond, IN, 47967 | Equity Gain $1,258/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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106 W Detchon St, New Richmond, IN, 47967 | Equity Gain $1,258/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Richmond at 106 W Detchon St, New Richmond, IN, 47967 with 5% annual appreciation on a $194,900 basis while $0/mo rent supports operations. 82% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,847 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1979

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully renovated ranch in New Richmond offering modern updates and small-town charm! This 3 bedroom, 1.5 bath home features 1,200 sq ft of move-in ready living space with brand new stainless steel kitchen appliances, new vinyl plank flooring throughout, fresh carpet in the bedrooms, new interior paint, and a stylish tile backsplash. Major improvements include a new water heater, newer roof (2016), and updated windows (2019) for peace of mind. The oversized 576 sq ft garage offers the footprint of a 2-car garage with a single bay door, providing excellent space for vehicles, storage, or a workshop. Situated on a half-acre lot with mature trees and a country feel at the edge of town, this home is located in the desirable North Montgomery school district and is ideal for buyers seeking single-level living, modern updates, and extra space inside and out.