113 NW 18th St, Richmond, IN, 47374 | $756/mo Cash Flow

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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 Richmond at 113 NW 18th St, Richmond, IN, 47374 uses $56,189 cash to close to unlock $9,074/yr annual cash flow and $756/mo monthly cash flow. Total monthly income runs $1,774/mo, and a $830/mo payment keeps the spread at $756/mo. Purchase price stands at $169,500, and rental yield measures 12.56% with $1,774/mo rent. Return on cash invested shows 36.06% in year one, and 5% annual appreciation builds toward $46,830 over five years. Five-year ROI reaches 189.27% and total cumulative return in cash records $106,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,774/mo property income covering a $830/mo payment rather than investor’s personal income.

Single Family

Built in 1942

0.31 Acres lot

$N/A/sqft

No HOA