2302 Shrader Avenue,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 2302 Shrader Avenue, New Albany, IN, 47150 generates $1,493/mo in rent and, after a $895/mo payment, leaves $395/mo in cash flow. Total monthly income is $1,493/mo, and annual cash flow is $4,743/yr on $60,631 invested. Return on cash invested sits at 27.73% in year one, and rental yield is 9.8% on a $182,900 entry. Equity gained on principal adds $1,180/yr, while 5% annual appreciation builds toward $50,532 over five years. Five-year ROI reaches 144.58% and total cumulative return in cash sums $87,663. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,493/mo property income rather than buyer’s personal income.