1122 Sheridan St,Richmond,IN,47374

Investment Highlights

Investment property for sale in Richmond at 1122 Sheridan St, Richmond, IN, 47374 offers a 9.43% rental yield on a $119,000 purchase with $935/mo rent. Total monthly income registers $935/mo, and a $582/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,653/yr on $39,449 to close, and return on cash invested stands at 26.64% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 138.82% and total cumulative return in cash at $54,761. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $935/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.