2020 NW North St, Richmond, IN, 47374 | $278/mo Cash Flow

Off market

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

Rental property for sale in Richmond at 2020 NW North St, Richmond, IN, 47374 priced at $250,500 converts $1,782/mo rent into $278/mo cash flow after a $1,226/mo obligation. Total monthly income equals $1,782/mo, and annual cash flow totals $3,340/yr on $83,041 invested. Return on cash invested prints 23.93% in year one, and rental yield reads 8.54% against a $250,500 entry. Equity gained on principal adds $1,616/yr, while 5% annual appreciation compiles into $69,209 by year five. Five-year ROI reaches 124.2% and total cumulative return in cash sums $103,139. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,782/mo property income covering a $1,226/mo payment, not borrower’s personal income.

Single Family

Built in 1972

1.79 Acres lot

$N/A/sqft

No HOA