1148 N County Road 900 WRichlandIN47634
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1148 N County Road 900 W, Richland, IN, 47634 in Richland deserves attention. This $142,000 property earns $1,571/mo in rent, a 13.27% gross yield, and nets $718/mo after the $639/mo payment. DSCR 2.46 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $39,232 compounds alongside $1,308/yr in yearly equity build, for a total cumulative return of $99,969.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.3% | 8.0% |
| Monthly Cash Flow | $718 | $1,200 |
City averages based on Richland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,571 |
| Total Monthly Debt Service | $796 |
| DSCR Ratio | 1.97x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2016
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47634, Richland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 975 (100%) |
| Owner Occupied HU | 783 (80.3%) |
| Renter Occupied HU | 96 ( 9.8%) |
| Vacant Housing Units | 96 ( 9.8%) |
| Median Home Value | $204,752 |
| Average Home Value | $231,360 |
Housing Distribution
Address Breakdown
Residential
945
Single Family
945
Multi-Family
0
Businesses
27
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2016
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47634, Richland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 975 (100%) |
| Owner Occupied HU | 783 (80.3%) |
| Renter Occupied HU | 96 ( 9.8%) |
| Vacant Housing Units | 96 ( 9.8%) |
| Median Home Value | $204,752 |
| Average Home Value | $231,360 |
Housing Distribution
Address Breakdown
Residential
945
Single Family
945
Multi-Family
0
Businesses
27
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael W Melton • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438552
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.