131 Olive Avenue, New Albany, IN, 47150 | $175/mo Cash Flow

For Sale

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

Rental property for sale in New Albany at 131 Olive Avenue, New Albany, IN, 47150 offers $1,370/mo rent that, after a $974/mo payment, leaves $175/mo cash flow. Total monthly income is $1,370/mo, and annual cash flow is $2,105/yr on $65,969 cash. Return on cash invested measures 23.1% in year one, and rental yield stands at 8.26% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 119.76% and total cumulative return in cash reaches $79,002. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,370/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1929

4,791 sqft lot

$N/A/sqft

No HOA