1501 Star Haven Drive,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 1501 Star Haven Drive, New Albany, IN, 47150 listed at $237,900 pairs $1,572/mo rent with a $1,164/mo payment to leave $144/mo cash flow. Total monthly income runs $1,572/mo, and annual cash flow reaches $1,732/yr on $78,864 cash to close. Return on cash invested measures 22.1% in year one, and rental yield registers 7.93% at a $237,900 basis. Equity gained on principal adds $1,535/yr, and annual property appreciation at 5% supports $65,727 by year five. Five-year ROI tracks 114.41% and total cumulative return in cash totals $90,231. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,572/mo property income relative to a $1,164/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).