227 NW E St, Richmond, IN, 47374 | $391/mo Cash Flow

For Sale

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 227 NW E St, Richmond, IN, 47374 uses $34,774 cash to close to unlock $4,689/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $513/mo payment keeps the spread at $391/mo. Purchase price stands at $104,900, and rental yield measures 11.67% with $1,020/mo rent. Return on cash invested shows 33.39% in year one, and 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 174.94% and total cumulative return in cash records $60,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $513/mo payment rather than investor’s personal income.

Single Family

Built in 1900

6,732 sqft lot

$N/A/sqft

No HOA