1148 N County Road 900 WRichlandIN47634
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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
Investment property for sale in Richland at 1148 N County Road 900 W, Richland, IN, 47634 uses $47,073 cash to close to unlock $8,623/yr annual cash flow and $719/mo monthly cash flow. Total monthly income runs $1,571/mo, and a $695/mo payment keeps the spread at $719/mo. Purchase price stands at $142,000, and rental yield measures 13.28% with $1,571/mo rent. Return on cash invested shows 38.23% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 200.88% and total cumulative return in cash records $94,562. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,571/mo property income covering a $695/mo payment rather than investor’s personal income.
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
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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.