1930 Silver Street,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 1930 Silver Street, New Albany, IN, 47150 offers a 8.46% rental yield on a $213,500 purchase with $1,506/mo rent. Total monthly income registers $1,506/mo, and a $1,045/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,692/yr on $70,775 to close, and return on cash invested stands at 23.71% in year one. Equity gained on principal adds $1,378/yr while 5% annual appreciation supports $58,986 over five years. Portfolio math shows five-year ROI at 123.04% and total cumulative return in cash at $87,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,506/mo property income against a $1,045/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.