415 S 28th St,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 415 S 28th St, Richmond, IN, 47374 listed at $239,900 pairs $1,998/mo rent with a $1,174/mo payment to leave $558/mo cash flow. Total monthly income runs $1,998/mo, and annual cash flow reaches $6,697/yr on $79,527 cash to close. Return on cash invested measures 28.33% in year one, and rental yield registers 9.99% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 147.81% and total cumulative return in cash totals $117,547. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,998/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).