1595 Parkdale Dr,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 1595 Parkdale Dr, Richmond, IN, 47374 listed at $171,500 pairs $1,924/mo rent with a $839/mo payment to leave $888/mo cash flow. Total monthly income runs $1,924/mo, and annual cash flow reaches $10,658/yr on $56,852 cash to close. Return on cash invested measures 38.66% in year one, and rental yield registers 13.46% at a $171,500 basis. Equity gained on principal adds $1,107/yr, and annual property appreciation at 5% supports $47,382 by year five. Five-year ROI tracks 203.24% and total cumulative return in cash totals $115,548. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,924/mo property income relative to a $839/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).