8391 N 400 WNew RichmondIN47967
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 8391 N 400 W, New Richmond, IN, 47967 in New Richmond at $259,900, 5.9% gross yield, is a market-growth asset. Rental yield 5.9%. The $1,277/mo rent partially funds the $1,169/mo debt service; the core return is the 5%/yr price growth projected to add $71,806 over five years. Ziffy Mortgage's DSCR mortgage (1.09) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $80,100.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 7.0% |
| Monthly Cash Flow | $(283) | $200 |
City averages based on New Richmond market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,277 |
| Total Monthly Debt Service | $1,457 |
| DSCR Ratio | 0.88x |
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 1956
0.85 Acres lot
$N/A/sqft
No HOA
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 1956
0.85 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Gibson • Raeco Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22101256
Disclaimer: Based on information submitted to the MLS GRID as of 2026-05-13 07:43:11 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)