1409 Locust,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 1409 Locust, New Albany, IN, 47150 listed at $189,900 pairs $1,364/mo rent with a $929/mo payment to leave $225/mo cash flow. Total monthly income runs $1,364/mo, and annual cash flow reaches $2,694/yr on $62,952 cash to close. Return on cash invested measures 24.19% in year one, and rental yield registers 8.62% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 125.57% and total cumulative return in cash totals $79,049. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,364/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).