1748 Ekin Avenue,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 1748 Ekin Avenue, New Albany, IN, 47150 generates $1,010/mo in rent and, after a $636/mo payment, leaves $230/mo in cash flow. Total monthly income is $1,010/mo, and annual cash flow is $2,759/yr on $43,095 invested. Return on cash invested sits at 26.31% in year one, and rental yield is 9.32% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 136.92% and total cumulative return in cash sums $59,007. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,010/mo property income rather than buyer’s personal income.