208 N Salem StRichmondIN47324
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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 208 N Salem St, Richmond, IN, 47324 earns $517/mo cash flow from $1,477/mo rent with a $783/mo payment. Total monthly income totals $1,477/mo, and annual cash flow totals $6,201/yr on $53,007 capital. ROI tracks 31.61% on current figures, and rental yield reads 11.08% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 165.36% and total cumulative return in cash sums $87,654. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,477/mo property income instead of your personal income.
Single Family
Built in 1900
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47324, Boston, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35 (100%) |
| Owner Occupied HU | 24 (68.6%) |
| Renter Occupied HU | 0 |
| Vacant Housing Units | 11 (31.4%) |
| Median Home Value | $375,000 |
| Average Home Value | $607,292 |
Housing Distribution
Address Breakdown
Residential
2
Single Family
2
Multi-Family
0
Businesses
11
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