301 S 16th St,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 301 S 16th St, Richmond, IN, 47374 listed at $279,900 pairs $1,844/mo rent with a $1,370/mo payment to leave $164/mo cash flow. Total monthly income runs $1,844/mo, and annual cash flow reaches $1,965/yr on $92,787 cash to close. Return on cash invested measures 22.03% in year one, and rental yield registers 7.91% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 113.95% and total cumulative return in cash totals $105,733. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,844/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).