1511 Chartres StreetNew AlbanyIN47150
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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
Investment Highlights
Investment property for sale in New Albany at 1511 Chartres Street, New Albany, IN, 47150 listed at $189,900 pairs $1,265/mo rent with a $929/mo payment to leave $126/mo cash flow. Total monthly income runs $1,265/mo, and annual cash flow reaches $1,506/yr on $62,952 cash to close. Return on cash invested measures 22.3% in year one, and rental yield registers 7.99% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 115.47% and total cumulative return in cash totals $72,689. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,265/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1929
6,969 sqft lot
$N/A/sqft
No HOA
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Listed by: Kim Kraft • Berkshire Hathaway HomeServices Parks & Weisberg R
Mls Name: SIRA
Mls Provider:
Mls ID: #202506992
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.