1831 Conservative St

New Albany, IN 47150
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2 bd, 1 ba | 1,000 sqft | Built in 1929

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List Price
$99,000

$10.9K

Initial Investment

$25,615

Purchase Price

$94,000

Down Payment

25%

Rent

$875

Total Return

$41,812

Annualized Return

22.1%

Cap Rate

6.6%

Gross Yield

11.2%

Cash Flow

$622

Appreciation

7.2%
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Features

Occupancy

Occupied

Lease Start

02/01/2022

Lease End

01/31/2023

Lot Size

4,792

HOA

None

Flood Risk

Not Required

  • Beautiful 2 bedroom, 1 bathroom house located in New Albany, IN!
  • Less than 10 miles from Louisville, KY!
  • Beautiful hardwood floors.
  • Tenant in place.
  • Rent is $875/month.
  • Close proximity to parks, schools, and recreation. Within walking distance of New Albany High School.
  • Seller financing is available with 30% down payment!! Offered rate will be 8.9%.
  • Get more insight into this market here

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Annual Financial Highlights

Expected Rent

$9,975

Expenses

-$2,642

Property Taxes

-$1,600

Loan Payments

-$5,110

Net Cash Flow

$622

See more in Financials

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