107 SW I StRichmondIN47374
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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
Rental property for sale in Richmond at 107 SW I St, Richmond, IN, 47374 priced at $164,900 converts $1,132/mo rent into $142/mo cash flow after a $807/mo obligation. Total monthly income equals $1,132/mo, and annual cash flow totals $1,707/yr on $54,664 invested. Return on cash invested prints 23.03% in year one, and rental yield reads 8.24% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 119.43% and total cumulative return in cash sums $65,284. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,132/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1958
7,971 sqft lot
$N/A/sqft
No HOA
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Listed by: Nicole Davis • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls Provider:
Mls ID: #10052047
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.