2721 Reeveston Rd,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 2721 Reeveston Rd, Richmond, IN, 47374 priced at $211,100 pairs $1,522/mo rent with $176/mo cash flow after a $1,033/mo payment. Total monthly income equals $1,522/mo, and annual cash flow comes to $2,108/yr on $69,980 invested. Return on cash invested is 22.92% in year one, and rental yield stands at 8.65% on a $211,100 basis. Equity gained on principal adds $1,362/yr, and 5% annual appreciation accumulates to $58,323 by year five. Five-year ROI measures 119.25% and total cumulative return in cash reaches $83,449. For financing, Ziffy Mortgage’s DSCR program evaluates $1,522/mo property income against a $1,033/mo payment instead of your W2s, 1099s, or Tax returns.