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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%

Avg Cash on Cash

-7.8%

Median Cashflow

-$321/mo

Avg Rent Estimate

$1,924/mo

Avg Price

$301,744

Price Range

$191,500 - $449,300

Rent to Price

0.64%

low ratio

Positive Cashflow

4%

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% 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 -$321 with average rents of $1,924/month. Properties range from $191,500 to $449,300, offering entry points across multiple investment budgets.

4012 Melvyn Drive, New Albany, IN 47150

Price

$240,600

Rent

$1,592

CachFlow

-$248

CoC

-5.89

Full Analysis

1126 Myrtle Avenue, New Albany, IN 47150

Price

$282,500

Rent

$1,878

CachFlow

-$217

CoC

-4.39

Full Analysis

4010 Weatherby Way, New Albany, IN 47150

Price

$439,900

Rent

$2,295

CachFlow

-$955

CoC

-12.41

Full Analysis

2416 Stover Drive, New Albany, IN 47150

Price

$240,400

Rent

$1,809

CachFlow

-$204

CoC

-4.85

Full Analysis

1321 Locust Street, New Albany, IN 47150

Price

$232,400

Rent

$1,701

CachFlow

-$129

CoC

-3.17

Full Analysis
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New Albany, IN Rental Market Insights

  • Median cashflow is -$321/month — careful deal selection is essential here
  • 5% median cap rate reflects a balanced risk-return profile
  • At 4% positive cashflow rate, New Albany, IN requires selective property picks
  • Mid-to-upper tier market with properties from $191,500 to $449,300
  • Early-stage market data — revisit as more properties are analyzed for stronger signals

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