417 N 15th St,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 417 N 15th St, Richmond, IN, 47374 uses $38,123 cash to close to unlock $2,766/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $921/mo, and a $563/mo payment keeps the spread at $231/mo. Purchase price stands at $115,000, and rental yield measures 9.61% with $921/mo rent. Return on cash invested shows 27.17% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 141.58% and total cumulative return in cash records $53,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $921/mo property income covering a $563/mo payment rather than investor’s personal income.