1711 Charlestown Road,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 1711 Charlestown Road, New Albany, IN, 47150 generates $1,540/mo in rent and, after a $808/mo payment, leaves $549/mo in cash flow. Total monthly income is $1,540/mo, and annual cash flow is $6,589/yr on $54,698 invested. Return on cash invested sits at 31.96% in year one, and rental yield is 11.2% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 167.28% and total cumulative return in cash sums $91,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,540/mo property income rather than buyer’s personal income.