3319 Lantern Trl,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 3319 Lantern Trl, Richmond, IN, 47374 listed at $595,000 pairs $4,184/mo rent with a $2,912/mo payment to leave $613/mo cash flow. Total monthly income runs $4,184/mo, and annual cash flow reaches $7,350/yr on $195,755 cash to close. Return on cash invested measures 23.82% in year one, and rental yield registers 8.44% at a $595,000 basis. Equity gained on principal adds $3,839/yr, and annual property appreciation at 5% supports $164,388 by year five. Five-year ROI tracks 123.51% and total cumulative return in cash totals $241,778. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,184/mo property income relative to a $2,912/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).