231 N 18th St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 231 N 18th St, Richmond, IN, 47374 generates $861/mo in rent and, after a $537/mo payment, leaves $202/mo in cash flow. Total monthly income is $861/mo, and annual cash flow is $2,429/yr on $36,366 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 9.42% on a $109,700 entry. Equity gained on principal adds $708/yr, while 5% annual appreciation builds toward $30,308 over five years. Five-year ROI reaches 138.5% and total cumulative return in cash sums $50,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $861/mo property income rather than buyer’s personal income.