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REI Lense

New Albany, IN Long-Term Rental Analysis

Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in New Albany, IN. Based on 20+ datapoints.

New Albany, IN Long-Term Rental Investment Snapshot

Based on 20+ long-term rental datapoints

Median Cap Rate

5.4%

Avg Cash on Cash

-7.1%

Median Cashflow

-$266/mo

Avg Rent Estimate

$1,798/mo

Avg Price

$277,286

Price Range

$139,900 - $439,900

Rent to Price

0.65%

low ratio

Positive Cashflow

9%

of analyzed properties

Recent real estate investor listings analysed as long-term rental deals in New Albany, IN

New Albany, IN is an emerging long-term rental market gaining investor attention. With 20+ properties analyzed, early data shows the market is developing. The median cap rate of 5.4% suggests room for early-mover advantage as more rental inventory becomes available.

Based on 20+ analyzed properties, the median monthly cashflow in New Albany, IN is -$266 with average rents of $1,798/month. Properties range from $139,900 to $439,900, offering entry points across multiple investment budgets.

2319 Park Avenue, New Albany, IN 47150

Price

$186,000

Rent

$1,736

CachFlow

$159

CoC

4.88

Full Analysis

1110 State Street, New Albany, IN 47150

Price

$139,900

Rent

$1,517

CachFlow

$203

CoC

8.29

Full Analysis

1700 Oak Grove Dr, New Albany, IN 47150

Price

$472,600

Rent

$3,156

CachFlow

-$513

CoC

-6.2

Full Analysis

2507 Larkwood Drive, New Albany, IN 47150

Price

$240,200

Rent

$1,757

CachFlow

-$266

CoC

-6.33

Full Analysis

1603 Woodland Road, New Albany, IN 47150

Price

$399,900

Rent

$2,338

CachFlow

-$638

CoC

-9.12

Full Analysis
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New Albany, IN Rental Market Insights

  • Median cashflow is -$266/month — careful deal selection is essential here
  • 5.4% median cap rate reflects a balanced risk-return profile
  • At 9% positive cashflow rate, New Albany, IN requires selective property picks
  • Moderately priced market with properties from $139,900 to $439,900
  • Early-stage market data — revisit as more properties are analyzed for stronger signals

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