1623 S East St, Richmond, IN, 47374 | $5/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 1623 S East St, Richmond, IN, 47374 uses $53,007 cash to close to unlock $57/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $965/mo, and a $783/mo payment keeps the spread at $5/mo. Purchase price stands at $159,900, and rental yield measures 7.24% with $965/mo rent. Return on cash invested shows 20.02% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 103.2% and total cumulative return in cash records $54,702. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $965/mo property income covering a $783/mo payment rather than investor’s personal income.

Single Family

Built in 1945

N/A lot

$N/A/sqft

No HOA