224 E Lewis Street,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 224 E Lewis Street, New Albany, IN, 47150 listed at $199,900 pairs $1,602/mo rent with a $978/mo payment to leave $402/mo cash flow. Total monthly income runs $1,602/mo, and annual cash flow reaches $4,829/yr on $66,267 cash to close. Return on cash invested measures 27.2% in year one, and rental yield registers 9.62% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 141.7% and total cumulative return in cash totals $93,901. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,602/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).