3217 NW B St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 3217 NW B St, Richmond, IN, 47374 generates $2,470/mo in rent and, after a $1,010/mo payment, leaves $1,231/mo in cash flow. Total monthly income is $2,470/mo, and annual cash flow is $14,776/yr on $68,388 invested. Return on cash invested sits at 41.52% in year one, and rental yield is 14.37% on a $206,300 entry. Equity gained on principal adds $1,331/yr, while 5% annual appreciation builds toward $56,997 over five years. Five-year ROI reaches 218.5% and total cumulative return in cash sums $149,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,470/mo property income rather than buyer’s personal income.