2102 Pickwick Drive,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 2102 Pickwick Drive, New Albany, IN, 47150 offers a 8.43% rental yield on a $259,900 purchase with $1,826/mo rent. Total monthly income registers $1,826/mo, and a $1,272/mo payment leaves $266/mo available for distribution. Annual cash flow reaches $3,191/yr on $86,157 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 122.45% and total cumulative return in cash at $105,502. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,826/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.