1107 Griffin StreetNew AlbanyIN47150
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1107 Griffin Street, New Albany, IN, 47150 in New Albany: $1,387/mo in rent, $532/mo net, 11.69% gross yield, all on a $142,400 acquisition. The 2.17 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $39,342 in value, and $1,312/yr in principal paydown steadily builds equity. Projected total cumulative return: $88,208.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.0% |
| Monthly Cash Flow | $532 | $300 |
City averages based on New Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,387 |
| Total Monthly Debt Service | $798 |
| DSCR Ratio | 1.74x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1929
3,484 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1929
3,484 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea Murphy • Collective Roots Agency
Mls Name: SIRA
Mls ID: #2025012456