231 Richmond AveRichmondIN47374
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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 231 Richmond Ave, Richmond, IN, 47374 offers a 9.35% rental yield on a $128,900 purchase with $1,004/mo rent. Total monthly income registers $1,004/mo, and a $631/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,762/yr on $42,730 to close, and return on cash invested stands at 26.37% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,613 over five years. Portfolio math shows five-year ROI at 137.37% and total cumulative return in cash at $58,697. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,004/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,732 sqft lot
$N/A/sqft
No HOA
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Listed by: Terry Jenkins • Jenkins Real Estate
Mls Name: RLMS
Mls Provider:
Mls ID: #10051306
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.