1304 Grace LnRichmondIN47374
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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 1304 Grace Ln, Richmond, IN, 47374 generates $1,265/mo in rent and, after a $734/mo payment, leaves $340/mo in cash flow. Total monthly income is $1,265/mo, and annual cash flow is $4,075/yr on $49,725 invested. Return on cash invested sits at 28.1% in year one, and rental yield is 10.12% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 146.81% and total cumulative return in cash sums $73,002. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,265/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
7,125 sqft lot
$N/A/sqft
No HOA
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Listed by: Elizabeth Henley • Coldwell Banker Lingle
Mls Name: RLMS
Mls Provider:
Mls ID: #10050774
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