230 S 23rd St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 230 S 23rd St, Richmond, IN, 47374 generates $1,834/mo in rent and, after a $752/mo payment, leaves $841/mo in cash flow. Total monthly income is $1,834/mo, and annual cash flow is $10,089/yr on $50,918 invested. Return on cash invested sits at 39.72% in year one, and rental yield is 14.33% on a $153,600 entry. Equity gained on principal adds $991/yr, while 5% annual appreciation builds toward $42,437 over five years. Five-year ROI reaches 209.48% and total cumulative return in cash sums $106,664. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,834/mo property income rather than buyer’s personal income.