1808 Culbertson Avenue,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 1808 Culbertson Avenue, New Albany, IN, 47150 generates $1,434/mo in rent and, after a $978/mo payment, leaves $234/mo in cash flow. Total monthly income is $1,434/mo, and annual cash flow is $2,813/yr on $66,267 invested. Return on cash invested sits at 24.15% in year one, and rental yield is 8.61% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 125.4% and total cumulative return in cash sums $83,101. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,434/mo property income rather than buyer’s personal income.