3175 Forest Dr,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 3175 Forest Dr, Richmond, IN, 47374 offers a 10.93% rental yield on a $255,800 purchase with $2,329/mo rent. Total monthly income registers $2,329/mo, and a $1,252/mo payment leaves $793/mo available for distribution. Annual cash flow reaches $9,522/yr on $84,798 to close, and return on cash invested stands at 31.14% in year one. Equity gained on principal adds $1,651/yr while 5% annual appreciation supports $70,673 over five years. Portfolio math shows five-year ROI at 162.85% and total cumulative return in cash at $138,091. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,329/mo property income against a $1,252/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.