2816 E Main St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 2816 E Main St, Richmond, IN, 47374 generates $1,175/mo in rent and, after a $758/mo payment, leaves $245/mo in cash flow. Total monthly income is $1,175/mo, and annual cash flow is $2,944/yr on $51,349 invested. Return on cash invested sits at 25.64% in year one, and rental yield is 9.1% on a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 133.41% and total cumulative return in cash sums $68,504. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,175/mo property income rather than buyer’s personal income.