2511 Fairmont Avenue,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 2511 Fairmont Avenue, New Albany, IN, 47150 listed at $175,000 pairs $1,362/mo rent with a $857/mo payment to leave $311/mo cash flow. Total monthly income runs $1,362/mo, and annual cash flow reaches $3,732/yr on $58,013 cash to close. Return on cash invested measures 26.34% in year one, and rental yield registers 9.34% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 137.2% and total cumulative return in cash totals $79,591. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,362/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).