1409 Slate Run Road UNIT 5,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 1409 Slate Run Road UNIT 5, New Albany, IN, 47150 listed at $137,500 pairs $1,346/mo rent with a $673/mo payment to leave $521/mo cash flow. Total monthly income runs $1,346/mo, and annual cash flow reaches $6,247/yr on $45,581 cash to close. Return on cash invested measures 33.61% in year one, and rental yield registers 11.75% at a $137,500 basis. Equity gained on principal adds $887/yr, and annual property appreciation at 5% supports $37,989 by year five. Five-year ROI tracks 176.14% and total cumulative return in cash totals $80,285. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,346/mo property income relative to a $673/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).