403 NW J 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 403 NW J St, Richmond, IN, 47374 uses $36,465 cash to close to unlock $2,161/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $840/mo, and a $538/mo payment keeps the spread at $180/mo. Purchase price stands at $110,000, and rental yield measures 9.16% with $840/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 134.49% and total cumulative return in cash records $49,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $840/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1956
8,276 sqft lot
$N/A/sqft
No HOA
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Listed by: Amanda Barrett • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls Provider:
Mls ID: #10052010
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