3348 NW C 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
Rental property for sale in Richmond at 3348 NW C St, Richmond, IN, 47374 generates $1,661/mo in rent and, after a $1,052/mo payment, leaves $371/mo in cash flow. Total monthly income is $1,661/mo, and annual cash flow is $4,450/yr on $71,239 invested. Return on cash invested sits at 26.16% in year one, and rental yield is 9.28% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 136.1% and total cumulative return in cash sums $96,954. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,661/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Jeff Hazelett • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls Provider:
Mls ID: #10050708
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