1110 S M St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 1110 S M St, Richmond, IN, 47374 offers $1,465/mo rent that, after a $651/mo payment, leaves $666/mo cash flow. Total monthly income is $1,465/mo, and annual cash flow is $7,998/yr on $44,123 cash. Return on cash invested measures 38.04% in year one, and rental yield stands at 13.21% at a $133,100 entry. Equity gained on principal adds $859/yr while 5% annual appreciation compounds into $36,773 by year five. Five-year ROI records 199.82% and total cumulative return in cash reaches $88,168. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,465/mo property income versus a $651/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.