3057 Bridlewood Lane Lot 215,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 3057 Bridlewood Lane Lot 215, New Albany, IN, 47150 offers a 7.7% rental yield on a $489,900 purchase with $3,144/mo rent. Total monthly income registers $3,144/mo, and a $2,398/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,436/yr on $162,402 to close, and return on cash invested stands at 21.41% in year one. Equity gained on principal adds $3,161/yr while 5% annual appreciation supports $135,350 over five years. Portfolio math shows five-year ROI at 110.67% and total cumulative return in cash at $179,729. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,144/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.