1103 University Blvd,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 1103 University Blvd, Richmond, IN, 47374 offers a 8.25% rental yield on a $219,000 purchase with $1,505/mo rent. Total monthly income registers $1,505/mo, and a $1,072/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,283/yr on $72,599 to close, and return on cash invested stands at 23.05% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 119.52% and total cumulative return in cash at $86,769. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,505/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.