5307 Grant Line Rd,New Albany,IN,47150

Investment Highlights

Investment property for sale in New Albany at 5307 Grant Line Rd, New Albany, IN, 47150 offers a 9.52% rental yield on a $239,500 purchase with $1,900/mo rent. Total monthly income registers $1,900/mo, and a $1,172/mo payment leaves $463/mo available for distribution. Annual cash flow reaches $5,551/yr on $79,394 to close, and return on cash invested stands at 26.9% in year one. Equity gained on principal adds $1,545/yr while 5% annual appreciation supports $66,169 over five years. Portfolio math shows five-year ROI at 140.1% and total cumulative return in cash at $111,229. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,900/mo property income against a $1,172/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.