1016 Clark St, New Albany, IN, 47150 | $537/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in New Albany at 1016 Clark St, New Albany, IN, 47150 offers a 11.15% rental yield on a $163,100 purchase with $1,516/mo rent. Total monthly income registers $1,516/mo, and a $798/mo payment leaves $537/mo available for distribution. Annual cash flow reaches $6,447/yr on $54,068 to close, and return on cash invested stands at 31.83% in year one. Equity gained on principal adds $1,052/yr while 5% annual appreciation supports $45,062 over five years. Portfolio math shows five-year ROI at 166.62% and total cumulative return in cash at $90,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,516/mo property income against a $798/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1929

4,356 sqft lot

$N/A/sqft

No HOA