1412-1408 Chartres Street, New Albany, IN, 47150 | $336/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 1412-1408 Chartres Street, New Albany, IN, 47150 uses $59,670 cash to close to unlock $4,026/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $1,416/mo, and a $881/mo payment keeps the spread at $336/mo. Purchase price stands at $180,000, and rental yield measures 9.44% with $1,416/mo rent. Return on cash invested shows 26.66% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 138.83% and total cumulative return in cash records $82,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,416/mo property income covering a $881/mo payment rather than investor’s personal income.

Single Family

Built in 1929

7,013 sqft lot

$N/A/sqft

No HOA