485 Timothy Dr,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 485 Timothy Dr, Richmond, IN, 47374 offers a 11.03% rental yield on a $215,600 purchase with $1,981/mo rent. Total monthly income registers $1,981/mo, and a $1,055/mo payment leaves $687/mo available for distribution. Annual cash flow reaches $8,245/yr on $71,471 to close, and return on cash invested stands at 31.44% in year one. Equity gained on principal adds $1,391/yr while 5% annual appreciation supports $59,566 over five years. Portfolio math shows five-year ROI at 164.5% and total cumulative return in cash at $117,574. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,981/mo property income against a $1,055/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.