223 S 13th StRichmondIN47374
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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 223 S 13th St, Richmond, IN, 47374 earns $292/mo cash flow from $947/mo rent with a $534/mo payment. Total monthly income totals $947/mo, and annual cash flow totals $3,506/yr on $36,134 capital. ROI tracks 29.61% on current figures, and rental yield reads 10.43% at a $109,000 purchase. Equity gained on principal adds $703/yr, and 5% annual appreciation supports $30,115 over five years. Five-year ROI reaches 154.75% and total cumulative return in cash sums $55,918. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $947/mo property income instead of your personal income.
Single Family
Built in 1890
6,926 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Amber Irwin • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls Provider:
Mls ID: #10050668
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.