1411 Irish Hills CtRichmondIN47374
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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 1411 Irish Hills Ct, Richmond, IN, 47374 priced at $128,000 converts $1,262/mo rent into $494/mo cash flow after a $627/mo obligation. Total monthly income equals $1,262/mo, and annual cash flow totals $5,930/yr on $42,432 invested. Return on cash invested prints 33.88% in year one, and rental yield reads 11.83% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. Five-year ROI reaches 177.63% and total cumulative return in cash sums $75,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,262/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 1973
7,971 sqft lot
$N/A/sqft
No HOA
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Listed by: Teresa Kinder • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls Provider:
Mls ID: #10050782
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