606 Northwood Dr,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 606 Northwood Dr, Richmond, IN, 47374 offers a 10.47% rental yield on a $190,000 purchase with $1,658/mo rent. Total monthly income registers $1,658/mo, and a $930/mo payment leaves $517/mo available for distribution. Annual cash flow reaches $6,209/yr on $62,985 to close, and return on cash invested stands at 29.77% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 155.5% and total cumulative return in cash at $97,944. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,658/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.