409 SW 20th 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 409 SW 20th St, Richmond, IN, 47374 uses $71,239 cash to close to unlock $2,602/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $1,052/mo payment keeps the spread at $217/mo. Purchase price stands at $214,900, and rental yield measures 8.42% with $1,507/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 122.18% and total cumulative return in cash records $87,042. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1972
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Sandy Taylor • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls Provider:
Mls ID: #10050876
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