323 W Main 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 323 W Main St, Richmond, IN, 47374 with 5% annual appreciation on a $149,000 basis while $1,165/mo rent supports operations. Total monthly income totals $1,165/mo and a $729/mo payment preserves $271/mo for cash returns. Annual cash flow comes to $3,250/yr on $49,394 deployed, and return on cash invested reaches 26.49% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 9.38%. Five-year ROI measures 137.9% and total cumulative return in cash totals $68,116.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,165/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices