818 S I 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
Rental property for sale in Richmond at 818 S I St, Richmond, IN, 47374 priced at $105,000 converts $986/mo rent into $356/mo cash flow after a $514/mo obligation. Total monthly income equals $986/mo, and annual cash flow totals $4,267/yr on $34,808 invested. Return on cash invested prints 32.17% in year one, and rental yield reads 11.27% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 168.38% and total cumulative return in cash sums $58,610. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $986/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1928
5,200 sqft lot
$N/A/sqft
No HOA
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Listed by: Julie Coffman • Parkside Realty, LLC
Mls Name: RLMS
Mls Provider:
Mls ID: #10050804
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