303 E Farlow Rd, Richmond, IN, 47374 | 6.66% Rental Yield

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303 E Farlow Rd, Richmond, IN, 47374 | 6.66% Rental Yield | Ziffy

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 303 E Farlow Rd, Richmond, IN, 47374 listed at $450,000 pairs $2,497/mo rent with a $2,203/mo payment. Total monthly income runs $2,497/mo. Return on cash invested measures 18.26% in year one, and rental yield registers 6.66% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 93.78% and total cumulative return in cash totals $139,890. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,497/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1888

19.49 Acres lot

$N/A/sqft

No HOA

More details about the property

Step back in time with this stunning 1800s Historic Federal-style home- one of the original homesteads of Southeastern Wayne County, Indiana. Set in a pristine rural landscaped surrounded by rolling farmland and breathtaking sunsets, this property offers timeless charm and peaceful living. A massive front porch welcomes you into a home that has been cherished by generations.Inside, you'll find original wood flooring, soaring 12-foot ceilings, and fireplaces in nearly every room-one of which remains functional today.The home features a beautiful updated kitchen and bath, main level laundry, many new replacement windows, and recently re-plastered ceilings throughout.Modern comforts include an updated heating system and central air on the main level.Outdoors, enjoy the back pasture with a serene pond and some fencing-perfect for small livestock or simply relaxing in nature.A rare opportunity to own a piece of local history with modern conveniences.Call Rhonda or Marc for your appointment today. 764-967-7466.