1121 Lancashire Dr,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 1121 Lancashire Dr, Richmond, IN, 47374 generates $2,341/mo in rent and, after a $1,579/mo payment, leaves $404/mo in cash flow. Total monthly income is $2,341/mo, and annual cash flow is $4,852/yr on $106,975 invested. Return on cash invested sits at 24.44% in year one, and rental yield is 8.71% on a $322,700 entry. Equity gained on principal adds $2,082/yr, while 5% annual appreciation builds toward $89,156 over five years. Five-year ROI reaches 126.95% and total cumulative return in cash sums $135,803. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,341/mo property income rather than buyer’s personal income.