2292 Charleston Pl,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 2292 Charleston Pl, Richmond, IN, 47374 generates $1,848/mo in rent and, after a $1,454/mo payment, leaves $65/mo in cash flow. Total monthly income is $1,848/mo, and annual cash flow is $778/yr on $98,456 invested. Return on cash invested sits at 20.7% in year one, and rental yield is 7.47% on a $297,000 entry. Equity gained on principal adds $1,916/yr, while 5% annual appreciation builds toward $82,056 over five years. Five-year ROI reaches 106.85% and total cumulative return in cash sums $105,198. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,848/mo property income rather than buyer’s personal income.