1711 Ekin Avenue,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 1711 Ekin Avenue, New Albany, IN, 47150 uses $67,924 cash to close to unlock $1,499/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $1,355/mo, and a $1,003/mo payment keeps the spread at $125/mo. Purchase price stands at $204,900, and rental yield measures 7.94% with $1,355/mo rent. Return on cash invested shows 22.12% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 114.42% and total cumulative return in cash records $77,722. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,355/mo property income covering a $1,003/mo payment rather than investor’s personal income.