318 N 21st StRichmondIN47374
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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 318 N 21st St, Richmond, IN, 47374 offers a 9.41% rental yield on a $105,000 purchase with $823/mo rent. Total monthly income registers $823/mo, and a $514/mo payment leaves $193/mo available for distribution. Annual cash flow reaches $2,311/yr on $34,808 to close, and return on cash invested stands at 26.55% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 138.25% and total cumulative return in cash at $48,122. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $823/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
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Listed by: Matthew Dickerson • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls Provider:
Mls ID: #10051712
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.