1516 Pheasant Run,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 1516 Pheasant Run, Richmond, IN, 47374 offers a 11.29% rental yield on a $359,500 purchase with $3,382/mo rent. Total monthly income registers $3,382/mo, and a $1,760/mo payment leaves $1,224/mo available for distribution. Annual cash flow reaches $14,683/yr on $119,174 to close, and return on cash invested stands at 32.23% in year one. Equity gained on principal adds $2,320/yr while 5% annual appreciation supports $99,323 over five years. Portfolio math shows five-year ROI at 168.68% and total cumulative return in cash at $201,020. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,382/mo property income against a $1,760/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.