1107 Griffin Street,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 1107 Griffin Street, New Albany, IN, 47150 offers $1,387/mo rent that, after a $697/mo payment, leaves $532/mo cash flow. Total monthly income is $1,387/mo, and annual cash flow is $6,386/yr on $47,206 cash. Return on cash invested measures 33.44% in year one, and rental yield stands at 11.69% at a $142,400 entry. Equity gained on principal adds $919/yr while 5% annual appreciation compounds into $39,342 by year five. Five-year ROI records 175.27% and total cumulative return in cash reaches $82,736. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,387/mo property income versus a $697/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.