1604 Sherri Way, Richmond, IN, 47374 | $791/mo Cash Flow

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 1604 Sherri Way, Richmond, IN, 47374 uses $84,533 cash to close to unlock $9,496/yr annual cash flow and $791/mo monthly cash flow. Total monthly income runs $2,322/mo, and a $1,248/mo payment keeps the spread at $791/mo. Purchase price stands at $255,000, and rental yield measures 10.93% with $2,322/mo rent. Return on cash invested shows 31.14% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 162.86% and total cumulative return in cash records $137,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,322/mo property income covering a $1,248/mo payment rather than investor’s personal income.

Single Family

Built in 1991

0.40 Acres lot

$N/A/sqft

No HOA