2060 Niewoehner RdRichmondIN47374
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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
Investment property for sale in Richmond at 2060 Niewoehner Rd, Richmond, IN, 47374 offers a 8.02% rental yield on a $318,900 purchase with $2,130/mo rent. Total monthly income registers $2,130/mo, and a $1,561/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,587/yr on $105,715 to close, and return on cash invested stands at 22.36% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,106 over five years. Portfolio math shows five-year ROI at 115.74% and total cumulative return in cash at $122,358. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,130/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
2.34 Acres lot
$N/A/sqft
No HOA
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Listed by: Elizabeth Henley • Coldwell Banker Lingle
Mls Name: RLMS
Mls Provider:
Mls ID: #10050800
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