813 S Richmond StHartford CityIN47348
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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 Hartford City at 813 S Richmond St, Hartford City, IN, 47348 uses $42,101 cash to close to unlock $2,523/yr annual cash flow and $210/mo monthly cash flow. Total monthly income runs $973/mo, and a $622/mo payment keeps the spread at $210/mo. Purchase price stands at $127,000, and rental yield measures 9.19% with $973/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 134.84% and total cumulative return in cash records $56,769. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $973/mo property income covering a $622/mo payment rather than investor’s personal income.
Single Family
Built in 1966
771.01 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47348, Hartford City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,529 (100%) |
| Owner Occupied HU | 2,979 (65.8%) |
| Renter Occupied HU | 1,023 (22.6%) |
| Vacant Housing Units | 527 (11.6%) |
| Median Home Value | $107,731 |
| Average Home Value | $137,774 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
4,089
Multi-Family
100
Businesses
294
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Listed by: Judy Confer • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls ID: #10051846