1518 Walnut Street,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 1518 Walnut Street, New Albany, IN, 47150 offers a 9.86% rental yield on a $139,999 purchase with $1,150/mo rent. Total monthly income registers $1,150/mo, and a $685/mo payment leaves $310/mo available for distribution. Annual cash flow reaches $3,718/yr on $46,410 to close, and return on cash invested stands at 27.92% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 145.57% and total cumulative return in cash at $67,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,150/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.