54 S 24th St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 54 S 24th St, Richmond, IN, 47374 generates $1,442/mo in rent and, after a $1,041/mo payment, leaves $165/mo in cash flow. Total monthly income is $1,442/mo, and annual cash flow is $1,984/yr on $70,477 invested. Return on cash invested sits at 22.72% in year one, and rental yield is 8.14% on a $212,600 entry. Equity gained on principal adds $1,372/yr, while 5% annual appreciation builds toward $58,737 over five years. Five-year ROI reaches 117.75% and total cumulative return in cash sums $82,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,442/mo property income rather than buyer’s personal income.