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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Richmond, IN
Listed for sale 4 days ago
$ 190,000
ROI
26.6
Cash Flow/m
360- 4 Bed
- 2 Bath
- 1910 sft
253 SW 2nd St, Richmond, IN, 47374
Listed for sale 5 days ago
$ 124,900
ROI
29.5Cash Flow/m
337- 2 Bed
- 1 Bath
- 884 sft
266 SW 1st St, Richmond, IN, 47374
Listed for sale 5 days ago
$ 134,900
ROI
30.6Cash Flow/m
406- 3 Bed
- 1 Bath
- 1293 sft
631 S 6th St, Richmond, IN, 47374
Currently Rented
Rental Income
Listed for sale 5 days ago
$ 119,900
ROI
31.6Cash Flow/m
395- 4 Bed
- 3 Bath
- 2328 sft
707 W Main St, Richmond, IN, 47374
Why Invest in Richmond, Indiana?
Investing in Richmond, Indiana offers a unique opportunity, especially for those looking to acquire properties under $200k. The city provides a favorable cap rate and average cash flow, making it an attractive option for budget-conscious investors seeking positive rental yields. Richmond has a steady rental market with a diverse economy that supports sustainable growth.
12%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$150/mo
Avg. Cash Flow
$1/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Richmond, Indiana is approximately $1,200 per month. This rate can vary based on the property type and its location within the city.
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