2411 Hawkins RdRichmondIN47374
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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 2411 Hawkins Rd, Richmond, IN, 47374 offers a 10.19% rental yield on a $169,000 purchase with $1,435/mo rent. Total monthly income registers $1,435/mo, and a $827/mo payment leaves $421/mo available for distribution. Annual cash flow reaches $5,048/yr on $56,024 to close, and return on cash invested stands at 28.92% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 150.94% and total cumulative return in cash at $84,559. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,435/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.35 Acres lot
$N/A/sqft
No HOA
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Listed by: Natalee Brock • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls Provider:
Mls ID: #10051052
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