943 S 18th 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 943 S 18th St, Richmond, IN, 47374 uses $51,349 cash to close to unlock $6,844/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $758/mo payment keeps the spread at $570/mo. Purchase price stands at $154,900, and rental yield measures 11.62% with $1,500/mo rent. Return on cash invested shows 33.24% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 174.12% and total cumulative return in cash records $89,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $758/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,840 sqft lot
$N/A/sqft
No HOA
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Listed by: Anne Liebert • Coldwell Banker Lingle
Mls Name: RLMS
Mls Provider:
Mls ID: #10050683
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