1030 Prospect Street,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 1030 Prospect Street, New Albany, IN, 47150 generates $1,184/mo in rent and, after a $732/mo payment, leaves $286/mo in cash flow. Total monthly income is $1,184/mo, and annual cash flow is $3,436/yr on $49,559 invested. Return on cash invested sits at 26.84% in year one, and rental yield is 9.5% on a $149,500 entry. Equity gained on principal adds $965/yr, while 5% annual appreciation builds toward $41,304 over five years. Five-year ROI reaches 139.84% and total cumulative return in cash sums $69,305. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,184/mo property income rather than buyer’s personal income.