230 S 23rd StRichmondIN47374
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow230 S 23rd St, Richmond, IN, 47374 in Richmond is a top-tier cash-flow asset. At $153,600 it produces $1,834/mo in rent and $841/mo in net monthly income, a 14.32% gross rental yield. The DSCR of 2.65 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $10,086. Five-year appreciation adds $42,437, driving a total cumulative return of $112,538.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.3% | 7.0% |
| Monthly Cash Flow | $841 | $250 |
City averages based on Richmond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,834 |
| Total Monthly Debt Service | $932 |
| DSCR Ratio | 1.97x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
10,454 sqft lot
$N/A/sqft
No HOA
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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
Single Family
Built in 1925
10,454 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices