Richmond Investment Analysis

Investment Property in Richmond, IN

Home Investment Performance Rent Prices Top Properties Top Neighborhoods Attractions Insights

Richmond, IN Real Estate Investment Performance

PROPERTY SALE PRICE

$ 157,400

Median

2,342

Avg/Sq.ft.

CASH ON CASH RETURN

5.00%

Traditional

8.00%

Airbnb

RENTAL INCOME

$ 1,330

Traditional

$ 2,142

Airbnb

RENTAL INCOME

$ 1,330

Traditional

$ 2,142

Airbnb

NUMBER OF PROPERTIES

6

Investment

29

Airbnb

2

Traditional

63%

Airbnb occupancy rate

Richmond, IN Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,912	$ 2,486	$ 2,142	N/A
Traditional	$ 769	$ 651	$ 1,330	$ 1,538

Airbnb

1 ROOM	$ 1,912
2 ROOMS	$ 2,486
3 ROOMS	$ 2,142
4 ROOMS	N/A

Traditional

1 ROOM	$ 769
2 ROOMS	$ 651
3 ROOMS	$ 1,330
4 ROOMS	$ 1,538

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Richmond, IN

$159,900

MLS 21942787

66 Mid Drive, Richmond, IN 47374

Richmond

Single Family Residential

3 beds 2 baths 1,360 sq.ft.

CAP RATE Trad. 6.68% Airbnb 8.42%

Analyze Property

$149,900

MLS 202328026

1211 S E Street, Richmond, IN 47374

Richmond

Single Family Residential

3 beds 1 baths 2,640 sq.ft.

CAP RATE Trad. 6.00% Airbnb 7.91%

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$274,900

MLS 199050

220 Henley Road, Richmond, IN 47374

Richmond

Single Family Residential

3 beds 2 baths 3,469 sq.ft.

CAP RATE Trad. 3.33% Airbnb 4.37%

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$629,000

MLS 202320627

481 Timothy Drive, Richmond, IN 47374

Richmond

Single Family Residential

3 beds 4 baths 4,021 sq.ft.

CAP RATE Trad. 0.57% Airbnb 1.03%

Analyze Property

Single Family Houses for Sale in Richmond, IN

$159,900

MLS 21942787

66 Mid Drive, Richmond, IN 47374

Richmond

Single Family Residential

3 beds 2 baths 1,360 sq.ft.

CAP RATE Trad. 6.68% Airbnb 8.42%

Analyze Property

$149,900

MLS 202328026

1211 S E Street, Richmond, IN 47374

Richmond

Single Family Residential

3 beds 1 baths 2,640 sq.ft.

CAP RATE Trad. 6.00% Airbnb 7.91%

Analyze Property

$274,900

MLS 199050

220 Henley Road, Richmond, IN 47374

Richmond

Single Family Residential

3 beds 2 baths 3,469 sq.ft.

CAP RATE Trad. 3.33% Airbnb 4.37%

Analyze Property

$629,000

MLS 202320627

481 Timothy Drive, Richmond, IN 47374

Richmond

Single Family Residential

3 beds 4 baths 4,021 sq.ft.

CAP RATE Trad. 0.57% Airbnb 1.03%

Analyze Property

Top Richmond, IN Neighborhoods - Real Estate Market Analysis

Richmond

35%

35% Mashmeter

PROPERTY PRICE

$151,700

Median for city

CAP RATE

5.29%

Traditional

6.85%

Airbnb

RENTAL INCOME

$ 992

Traditional

$ 1,941

Airbnb

56%

Airbnb occupancy rate

Analyze neighborhood

Best Short Term Rental Markets

Find great vacation rentals for sale in the top performing markets

Short Term Rentals For Sale

Airbnb Vacation Rentals in Richmond, IN

$68 per night Airbnb occupancy rate 69%

Apartment 1 · 1 · 4

Private Apartment-800sq ft Next to Earlham College Richmond, IN, United States

Rental Income: $1,435 per month

378

Calculate Rental Income

$106 per night Airbnb occupancy rate 74%

Loft 1 · 1 · 6

THE STARR LOFT- Earlham, IUEast, Historic District Richmond, IN, United States

Rental Income: $2,385 per month

334

Calculate Rental Income

$109 per night Airbnb occupancy rate 70%

Cottage 3 · 1.5 · 8

The Cottage on Abington Pike - Earlham College Richmond, IN, United States

Rental Income: $2,325 per month

328

Calculate Rental Income

$193 per night Airbnb occupancy rate 59%

Cabin 0 · 1 · 4

Cozy cabin w/ pool, hot tub, gazebo & gardens Richmond, IN, United States

Rental Income: $3,474 per month

216

Calculate Rental Income

$132 per night Airbnb occupancy rate 49%

Bungalow 2 · 1 · 4

Artist's Retreat Guest House Richmond, IN, United States

Rental Income: $1,968 per month

204

Calculate Rental Income

$122 per night Airbnb occupancy rate 68%

Cottage 5 · 2 · 12

Quaker Hill Cottage on Gated Estate w/Hiking Trail Richmond, IN, United States

Rental Income: $2,542 per month

156

Calculate Rental Income

$123 per night Airbnb occupancy rate 52%

House 3 · 1 · 6

The Red House Richmond, IN, United States

Rental Income: $1,943 per month

131

Calculate Rental Income

$72 per night Airbnb occupancy rate 89%

Loft 1 · 1 · 3

Modern loft within the Historic Depot District Richmond, IN, United States

Rental Income: $1,950 per month

101

Calculate Rental Income

Real Estate Investment Analysis - Other Cities in indiana

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
Kokomo	$139,900	4%	10%	$799	$2,419	61	78%
Goshen	$282,450	3%	5%	$1,396	$1,931	54	77%
New Paris	$314,450	3%	8%	$1,374	$2,533	14	74%
Middlebury	$293,400	4%	8%	$1,516	$3,605	18	66%
West Lafayette	$375,000	3%	7%	$1,388	$3,341	65	66%
Hammond	$169,900	5%	12%	$1,410	$3,770	39	65%
Evansville	$189,900	3%	7%	$966	$2,065	360	64%
Fort Wayne	$274,900	4%	5%	$1,385	$2,226	851	59%
Indianapolis	$255,000	4%	6%	$1,342	$2,525	1,355	58%
Elkhart	$222,500	8%	3%	$2,320	$1,415	160	57%
Bloomington	$389,900	3%	6%	$1,592	$3,569	345	55%
Schererville	$377,450	2%	4%	$1,648	$2,541	26	54%
Mishawaka	$263,750	4%	10%	$1,342	$3,619	56	54%
Warsaw	$269,000	3%	7%	$1,319	$2,956	65	54%
Gary	$135,000	7%	9%	$1,174	$1,766	83	53%
Winamac	$199,999	3%	11%	$1,333	$3,479	13	51%
Plymouth	$215,000	5%	7%	$1,538	$2,478	23	49%
Osceola	$288,750	4%	7%	$1,670	$2,214	16	49%
Syracuse	$439,900	2%	6%	$1,473	$3,336	32	44%
Nappanee	$384,988	2%	4%	$1,352	$2,983	15	43%