313 NW East St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 313 NW East St, Richmond, IN, 47374 offers $1,620/mo rent that, after a $775/mo payment, leaves $669/mo cash flow. Total monthly income is $1,620/mo, and annual cash flow is $8,033/yr on $52,510 cash. Return on cash invested measures 35.21% in year one, and rental yield stands at 12.27% at a $158,400 entry. Equity gained on principal adds $1,022/yr while 5% annual appreciation compounds into $43,763 by year five. Five-year ROI records 184.68% and total cumulative return in cash reaches $96,975. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,620/mo property income versus a $775/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.