701 Cherokee Drive,New Albany,IN,47150

Investment Highlights

Rental property for sale in New Albany at 701 Cherokee Drive, New Albany, IN, 47150 generates $2,150/mo in rent and, after a $1,248/mo payment, leaves $619/mo in cash flow. Total monthly income is $2,150/mo, and annual cash flow is $7,432/yr on $84,533 invested. Return on cash invested sits at 28.7% in year one, and rental yield is 10.12% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 149.77% and total cumulative return in cash sums $126,608. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,150/mo property income rather than buyer’s personal income.