1031 SW 1st St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 1031 SW 1st St, Richmond, IN, 47374 generates $1,866/mo in rent and, after a $1,040/mo payment, leaves $590/mo in cash flow. Total monthly income is $1,866/mo, and annual cash flow is $7,086/yr on $70,444 invested. Return on cash invested sits at 29.97% in year one, and rental yield is 10.54% on a $212,500 entry. Equity gained on principal adds $1,371/yr, while 5% annual appreciation builds toward $58,710 over five years. Five-year ROI reaches 156.56% and total cumulative return in cash sums $110,288. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,866/mo property income rather than buyer’s personal income.