72 S 16th StRichmondIN47374
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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 72 S 16th St, Richmond, IN, 47374 uses $36,134 cash to close to unlock $2,546/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $867/mo, and a $534/mo payment keeps the spread at $212/mo. Purchase price stands at $109,000, and rental yield measures 9.54% with $867/mo rent. Return on cash invested shows 26.96% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 140.51% and total cumulative return in cash records $50,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $867/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in 1874
3,920 sqft lot
$N/A/sqft
No HOA
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