1406 Chartres St, New Albany, IN, 47150 | $274/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

Investment property for sale in New Albany at 1406 Chartres St, New Albany, IN, 47150 listed at $200,000 pairs $1,475/mo rent with a $979/mo payment to leave $274/mo cash flow. Total monthly income runs $1,475/mo, and annual cash flow reaches $3,292/yr on $66,300 cash to close. Return on cash invested measures 24.87% in year one, and rental yield registers 8.85% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 129.28% and total cumulative return in cash totals $85,712. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,475/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1930

3,484 sqft lot

$N/A/sqft

No HOA