2805 Reeveston Rd,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 2805 Reeveston Rd, Richmond, IN, 47374 offers $2,317/mo rent that, after a $1,192/mo payment, leaves $855/mo cash flow. Total monthly income is $2,317/mo, and annual cash flow is $10,260/yr on $80,753 cash. Return on cash invested measures 32.61% in year one, and rental yield stands at 11.41% at a $243,600 entry. Equity gained on principal adds $1,572/yr while 5% annual appreciation compounds into $67,302 by year five. Five-year ROI records 170.79% and total cumulative return in cash reaches $137,921. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,317/mo property income versus a $1,192/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.