1316 Harris St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 1316 Harris St, Richmond, IN, 47374 priced at $142,900 converts $1,765/mo rent into $908/mo cash flow after a $699/mo obligation. Total monthly income equals $1,765/mo, and annual cash flow totals $10,891/yr on $47,371 invested. Return on cash invested prints 42.9% in year one, and rental yield reads 14.82% against a $142,900 entry. Equity gained on principal adds $922/yr, while 5% annual appreciation compiles into $39,481 by year five. Five-year ROI reaches 225.93% and total cumulative return in cash sums $107,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,765/mo property income covering a $699/mo payment, not borrower’s personal income.