5689 N Round Barn RdRichmondIN47374
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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 5689 N Round Barn Rd, Richmond, IN, 47374 uses $57,979 cash to close to unlock $6,422/yr annual cash flow and $535/mo monthly cash flow. Total monthly income runs $1,585/mo, and a $856/mo payment keeps the spread at $535/mo. Purchase price stands at $174,900, and rental yield measures 10.87% with $1,585/mo rent. Return on cash invested shows 30.98% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 162.06% and total cumulative return in cash records $93,960. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,585/mo property income covering a $856/mo payment rather than investor’s personal income.
Manufactured
Built in 1983
1.08 Acres lot
$N/A/sqft
No HOA
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Listed by: Brianna Turner • Fathom Realty
Mls Name: RLMS
Mls Provider:
Mls ID: #10049276
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