1120 Ekin Avenue,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 1120 Ekin Avenue, New Albany, IN, 47150 generates $1,620/mo in rent and, after a $832/mo payment, leaves $600/mo in cash flow. Total monthly income is $1,620/mo, and annual cash flow is $7,196/yr on $56,322 invested. Return on cash invested sits at 32.69% in year one, and rental yield is 11.44% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 171.13% and total cumulative return in cash sums $96,386. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.