69 S 15th St, Richmond, IN, 47374 | $257/mo Cash Flow

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69 S 15th St, Richmond, IN, 47374 | $257/mo Cash Flow | Ziffy

For Sale

Listed for sale today

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 69 S 15th St, Richmond, IN, 47374 offers a 8.55% rental yield on a $229,000 purchase with $1,632/mo rent. Total monthly income registers $1,632/mo, and a $1,121/mo payment leaves $257/mo available for distribution. Annual cash flow reaches $3,086/yr on $75,914 to close, and return on cash invested stands at 23.97% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 124.44% and total cumulative return in cash at $94,469. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,632/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1897

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

This impeccably renovated Queen Anne masterpiece blends timeless elegance with modern sophistication, offering over 3,000 square feet of refined living space. Completely transformed within the last 5 years, the home welcomes you with a gracious covered front porch and stunning original woodwork that has been meticulously restored to its full glory. Inside, soaring ceilings and hardwood floors flow throughout, complemented by nearly all-new windows that flood the rooms with natural light. Four spacious bedrooms include three luxurious en-suite baths, each custom-designed with high-end finishes and thoughtful design. A newer architectural roof, state-of-the-art high-efficiency boiler, and countless other upgrades ensure comfort, beauty, and peace of mind for years to come. Lovingly renewed and move-in ready, this exceptional residence is more than a home. It's a rare opportunity to own a piece of architectural history brought flawlessly into today. Please call or text Patrick Clinton with F.C. Tucker Richmond @765-969-8553 today to schedule your private tour!