1935 Center St,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 1935 Center St, New Albany, IN, 47150 generates $1,644/mo in rent and, after a $1,236/mo payment, leaves $128/mo in cash flow. Total monthly income is $1,644/mo, and annual cash flow is $1,538/yr on $83,704 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 7.81% on a $252,500 entry. Equity gained on principal adds $1,629/yr, while 5% annual appreciation builds toward $69,761 over five years. Five-year ROI reaches 112.51% and total cumulative return in cash sums $94,179. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,644/mo property income rather than buyer’s personal income.