1377 Clearcreek West Dr,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 1377 Clearcreek West Dr, Richmond, IN, 47374 priced at $532,500 converts $3,700/mo rent into $428/mo cash flow after a $2,606/mo obligation. Total monthly income equals $3,700/mo, and annual cash flow totals $5,135/yr on $175,193 invested. Return on cash invested prints 22.99% in year one, and rental yield reads 8.34% against a $532,500 entry. Equity gained on principal adds $3,436/yr, while 5% annual appreciation compiles into $147,120 by year five. Five-year ROI reaches 119.27% and total cumulative return in cash sums $208,955. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,700/mo property income covering a $2,606/mo payment, not borrower’s personal income.