415 SW I St, Richmond, IN, 47374 | $836/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Richmond at 415 SW I St, Richmond, IN, 47374 priced at $184,400 converts $1,943/mo rent into $836/mo cash flow after a $903/mo obligation. Total monthly income equals $1,943/mo, and annual cash flow totals $10,028/yr on $61,129 invested. Return on cash invested prints 36.31% in year one, and rental yield reads 12.64% against a $184,400 entry. Equity gained on principal adds $1,190/yr, while 5% annual appreciation compiles into $50,946 by year five. Five-year ROI reaches 190.59% and total cumulative return in cash sums $116,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,943/mo property income covering a $903/mo payment, not borrower’s personal income.

Single Family

Built in 1963

10,149 sqft lot

$N/A/sqft

No HOA