2420 Fairmont Avenue,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 2420 Fairmont Avenue, New Albany, IN, 47150 listed at $189,900 pairs $1,712/mo rent with a $929/mo payment to leave $573/mo cash flow. Total monthly income runs $1,712/mo, and annual cash flow reaches $6,870/yr on $62,952 cash to close. Return on cash invested measures 30.82% in year one, and rental yield registers 10.82% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 161.16% and total cumulative return in cash totals $101,453. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,712/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).