1324 Roosevelt Ave, New Albany, IN, 47150 | $1,442/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 1324 Roosevelt Ave, New Albany, IN, 47150 uses $103,925 cash to close to unlock $17,298/yr annual cash flow and $1,442/mo monthly cash flow. Total monthly income runs $3,323/mo, and a $1,534/mo payment keeps the spread at $1,442/mo. Purchase price stands at $313,500, and rental yield measures 12.72% with $3,323/mo rent. Return on cash invested shows 36.55% in year one, and 5% annual appreciation builds toward $86,614 over five years. Five-year ROI reaches 191.86% and total cumulative return in cash records $199,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,323/mo property income covering a $1,534/mo payment rather than investor’s personal income.

Single Family

Built in 1948

0.33 Acres lot

$N/A/sqft

No HOA