505 Meadowbrook Rd,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 505 Meadowbrook Rd, Richmond, IN, 47374 offers a 14.61% rental yield on a $143,500 purchase with $1,747/mo rent. Total monthly income registers $1,747/mo, and a $702/mo payment leaves $886/mo available for distribution. Annual cash flow reaches $10,632/yr on $47,570 to close, and return on cash invested stands at 42.26% in year one. Equity gained on principal adds $926/yr while 5% annual appreciation supports $39,646 over five years. Portfolio math shows five-year ROI at 222.43% and total cumulative return in cash at $105,809. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,747/mo property income against a $702/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.