349 SW 2nd St,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 349 SW 2nd St, Richmond, IN, 47374 offers a 10.5% rental yield on a $109,900 purchase with $962/mo rent. Total monthly income registers $962/mo, and a $538/mo payment leaves $302/mo available for distribution. Annual cash flow reaches $3,626/yr on $36,432 to close, and return on cash invested stands at 29.86% in year one. Equity gained on principal adds $709/yr while 5% annual appreciation supports $30,363 over five years. Portfolio math shows five-year ROI at 156.14% and total cumulative return in cash at $56,884. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $962/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.