237 Woodlawn Ave,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 237 Woodlawn Ave, Richmond, IN, 47374 offers $1,134/mo rent that, after a $832/mo payment, leaves $114/mo cash flow. Total monthly income is $1,134/mo, and annual cash flow is $1,364/yr on $56,322 cash. Return on cash invested measures 22.33% in year one, and rental yield stands at 8.01% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 115.61% and total cumulative return in cash reaches $65,114. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,134/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.