2249 Park Avenue,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 2249 Park Avenue, New Albany, IN, 47150 offers a 9.61% rental yield on a $129,500 purchase with $1,037/mo rent. Total monthly income registers $1,037/mo, and a $634/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,114/yr on $42,929 to close, and return on cash invested stands at 27.16% in year one. Equity gained on principal adds $836/yr while 5% annual appreciation supports $35,778 over five years. Portfolio math shows five-year ROI at 141.56% and total cumulative return in cash at $60,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,037/mo property income against a $634/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.