347 Richmond Ave,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 347 Richmond Ave, Richmond, IN, 47374 generates $1,097/mo in rent and, after a $556/mo payment, leaves $405/mo in cash flow. Total monthly income is $1,097/mo, and annual cash flow is $4,856/yr on $37,658 invested. Return on cash invested sits at 32.8% in year one, and rental yield is 11.59% on a $113,600 entry. Equity gained on principal adds $733/yr, while 5% annual appreciation builds toward $31,386 over five years. Five-year ROI reaches 171.89% and total cumulative return in cash sums $64,730. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,097/mo property income rather than buyer’s personal income.