900 W Main St,Richmond,IN,47374

Investment Highlights

Rental property for sale in Richmond at 900 W Main St, Richmond, IN, 47374 generates $964/mo in rent and, after a $597/mo payment, leaves $232/mo in cash flow. Total monthly income is $964/mo, and annual cash flow is $2,783/yr on $40,410 invested. Return on cash invested sits at 26.8% in year one, and rental yield is 9.49% on a $121,900 entry. Equity gained on principal adds $787/yr, while 5% annual appreciation builds toward $33,679 over five years. Five-year ROI reaches 139.55% and total cumulative return in cash sums $56,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $964/mo property income rather than buyer’s personal income.