508 N Richmond StHartford CityIN47348
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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 Hartford City at 508 N Richmond St, Hartford City, IN, 47348 offers $1,235/mo rent that, after a $783/mo payment, leaves $275/mo cash flow. Total monthly income is $1,235/mo, and annual cash flow is $3,297/yr on $53,007 cash. Return on cash invested measures 26.13% in year one, and rental yield stands at 9.27% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 135.96% and total cumulative return in cash reaches $72,066. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,235/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47348, Hartford City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,529 (100%) |
| Owner Occupied HU | 2,979 (65.8%) |
| Renter Occupied HU | 1,023 (22.6%) |
| Vacant Housing Units | 527 (11.6%) |
| Median Home Value | $107,731 |
| Average Home Value | $137,774 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
4,089
Multi-Family
100
Businesses
294
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Listed by: Christy Keeley • Home 2 Home Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510833
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.