1317 Vine Street, New Albany, IN, 47150 | $228/mo Cash Flow

For Sale

Fix & Flip

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 1317 Vine Street, New Albany, IN, 47150 uses $41,106 cash to close to unlock $2,731/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $972/mo, and a $607/mo payment keeps the spread at $228/mo. Purchase price stands at $124,000, and rental yield measures 9.41% with $972/mo rent. Return on cash invested shows 26.55% in year one, and 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 138.26% and total cumulative return in cash records $56,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $972/mo property income covering a $607/mo payment rather than investor’s personal income.

Single Family

Built in 1960

0.27 Acres lot

$N/A/sqft

No HOA