2309 Oak Park Dr, Richmond, IN, 47374 | $200/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 2309 Oak Park Dr, Richmond, IN, 47374 uses $96,135 cash to close to unlock $2,395/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,940/mo, and a $1,419/mo payment keeps the spread at $200/mo. Purchase price stands at $289,999, and rental yield measures 8.03% with $1,940/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $80,121 over five years. Five-year ROI reaches 115.97% and total cumulative return in cash records $111,484. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,940/mo property income covering a $1,419/mo payment rather than investor’s personal income.

Single Family

Built in 12969

9,191 sqft lot

$N/A/sqft

No HOA