2256 Charleston Pl,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 2256 Charleston Pl, Richmond, IN, 47374 listed at $337,200 pairs $2,267/mo rent with a $1,650/mo payment to leave $243/mo cash flow. Total monthly income runs $2,267/mo, and annual cash flow reaches $2,919/yr on $111,782 cash to close. Return on cash invested measures 22.52% in year one, and rental yield registers 8.07% at a $337,200 basis. Equity gained on principal adds $2,176/yr, and annual property appreciation at 5% supports $93,162 by year five. Five-year ROI tracks 116.61% and total cumulative return in cash totals $130,347. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,267/mo property income relative to a $1,650/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).