518 S 15th St, Richmond, IN, 47374 | $353/mo Cash Flow

For Sale

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

Investment property for sale in Richmond at 518 S 15th St, Richmond, IN, 47374 earns $353/mo cash flow from $1,487/mo rent with a $925/mo payment. Total monthly income totals $1,487/mo, and annual cash flow totals $4,230/yr on $62,654 capital. ROI tracks 26.66% on current figures, and rental yield reads 9.44% at a $189,000 purchase. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 over five years. Five-year ROI reaches 138.84% and total cumulative return in cash sums $86,986. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,487/mo property income instead of your personal income.

Single Family

Built in 1939

6,969 sqft lot

$N/A/sqft

No HOA