1525 E Oak Street,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 1525 E Oak Street, New Albany, IN, 47150 generates $1,607/mo in rent and, after a $1,216/mo payment, leaves $116/mo in cash flow. Total monthly income is $1,607/mo, and annual cash flow is $1,387/yr on $82,378 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 7.76% on a $248,500 entry. Equity gained on principal adds $1,604/yr, while 5% annual appreciation builds toward $68,656 over five years. Five-year ROI reaches 111.64% and total cumulative return in cash sums $91,963. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,607/mo property income rather than buyer’s personal income.