1318 E Main St, Richmond, IN, 47374 | 6.53% Rental Yield

For Sale

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 1318 E Main St, Richmond, IN, 47374 earns from $865/mo rent with a $778/mo payment. Total monthly income totals $865/mo. ROI tracks 17.88% on current figures, and rental yield reads 6.53% at a $159,000 purchase. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 over five years. Five-year ROI reaches 91.73% and total cumulative return in cash sums $48,348. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $865/mo property income instead of your personal income.

Multi Family

Built in 1883

6,450 sqft lot

$N/A/sqft

No HOA