6016 W 2nd StRichlandIN47634
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 6016 W 2nd St, Richland, IN, 47634 in Richland is capital appreciation. Rental yield 3.92%. The 3.92% gross yield at $255,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $70,452 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.73) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $51,599.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.9% | 8.0% |
| Monthly Cash Flow | $(698) | $1,200 |
City averages based on Richland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $833 |
| Total Monthly Debt Service | $1,429 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47634, Richland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 975 (100%) |
| Owner Occupied HU | 783 (80.3%) |
| Renter Occupied HU | 96 ( 9.8%) |
| Vacant Housing Units | 96 ( 9.8%) |
| Median Home Value | $204,752 |
| Average Home Value | $231,360 |
Housing Distribution
Address Breakdown
Residential
945
Single Family
945
Multi-Family
0
Businesses
27
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47634, Richland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 975 (100%) |
| Owner Occupied HU | 783 (80.3%) |
| Renter Occupied HU | 96 ( 9.8%) |
| Vacant Housing Units | 96 ( 9.8%) |
| Median Home Value | $204,752 |
| Average Home Value | $231,360 |
Housing Distribution
Address Breakdown
Residential
945
Single Family
945
Multi-Family
0
Businesses
27
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices