321 S 23rd St,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 321 S 23rd St, Richmond, IN, 47374 listed at $135,600 pairs $1,561/mo rent with a $664/mo payment to leave $731/mo cash flow. Total monthly income runs $1,561/mo, and annual cash flow reaches $8,771/yr on $44,951 cash to close. Return on cash invested measures 39.42% in year one, and rental yield registers 13.81% at a $135,600 basis. Equity gained on principal adds $875/yr, and annual property appreciation at 5% supports $37,464 by year five. Five-year ROI tracks 207.39% and total cumulative return in cash totals $93,225. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,561/mo property income relative to a $664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).