2205 S 16th Pl, Richmond, IN, 47374 | $851/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

Investment property for sale in Richmond at 2205 S 16th Pl, Richmond, IN, 47374 earns $851/mo cash flow from $2,548/mo rent with a $1,384/mo payment. Total monthly income totals $2,548/mo, and annual cash flow totals $10,208/yr on $93,715 capital. ROI tracks 30.8% on current figures, and rental yield reads 10.82% at a $282,700 purchase. Equity gained on principal adds $1,824/yr, and 5% annual appreciation supports $78,105 over five years. Five-year ROI reaches 161.01% and total cumulative return in cash sums $150,892. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,548/mo property income instead of your personal income.

Single Family

Built in 2022

9,060 sqft lot

$N/A/sqft

No HOA