1945 Indiana Avenue,New albany,IN,47150

Investment Highlights

Investment property for sale in New albany at 1945 Indiana Avenue, New albany, IN, 47150 offers a 8.01% rental yield on a $229,900 purchase with $1,535/mo rent. Total monthly income registers $1,535/mo, and a $1,125/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,862/yr on $76,212 to close, and return on cash invested stands at 22.35% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 115.74% and total cumulative return in cash at $88,211. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,535/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.