2805 Westminster Ave,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 2805 Westminster Ave, Richmond, IN, 47374 offers a 10.45% rental yield on a $350,000 purchase with $3,047/mo rent. Total monthly income registers $3,047/mo, and a $1,713/mo payment leaves $946/mo available for distribution. Annual cash flow reaches $11,353/yr on $116,025 to close, and return on cash invested stands at 29.69% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 155.11% and total cumulative return in cash at $179,966. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,047/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.