342 SW 1st St,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 342 SW 1st St, Richmond, IN, 47374 listed at $134,900 pairs $990/mo rent with a $660/mo payment to leave $180/mo cash flow. Total monthly income runs $990/mo, and annual cash flow reaches $2,166/yr on $44,719 cash to close. Return on cash invested measures 24.75% in year one, and rental yield registers 8.81% at a $134,900 basis. Equity gained on principal adds $870/yr, and annual property appreciation at 5% supports $37,270 by year five. Five-year ROI tracks 128.65% and total cumulative return in cash totals $57,533. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $990/mo property income relative to a $660/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).