Under $500K Investment Properties for Sale in New Albany, IN

Property at 2507 Larkwood Drive, New Albany, IN
Listed for sale 1 day ago
$ 225,000
ROI
28.5ROI percentage
Cash Flow/m
Dollar sign550
  • 3 Bed
  • 2 Bath
  • 1664 sft
2507 Larkwood Drive, New Albany, IN, 47150
Property at 1945 Indiana Ave, New albany, IN
Rental Income
$ 219,000
ROI
24.4ROI percentage
Cash Flow/m
Dollar sign283
  • 1 Bed
  • 2 Bath
  • 3129 sft
1945 Indiana Ave, New albany, IN, 47150
Property at 602-604 Captain Frank Road, New Albany, IN
Listed for sale 2 days ago
$ 440,000
ROI
20.7ROI percentage
Cash Flow/m
Dollar sign116
  • 3 Bed
  • 2 Bath
  • 3343 sft
602-604 Captain Frank Road, New Albany, IN, 47150
Property at 335 E 14th Street, New Albany, IN
Listed for sale 3 days ago
$ 199,900
ROI
25.1ROI percentage
Cash Flow/m
Dollar sign300
  • 5 Bed
  • 3 Bath
  • 2358 sft
335 E 14th Street, New Albany, IN, 47150

Why Invest in New Albany, Indiana?

New Albany, IN, offers promising investment opportunities with properties under $500k. With a relatively low cost of living and a population growth trend, this location is ideal for investors seeking strong rental yields and appreciation potential.

8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rental rate in New Albany is approximately $1,200 per month, making it an attractive option for both renters and investors.

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