1525 E Willis Road, New Albany, IN, 47150 | 5.36% Rental Yield

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1525 E Willis Road, New Albany, IN, 47150 | 5.36% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

Rental property for sale in New Albany at 1525 E Willis Road, New Albany, IN, 47150 generates $1,740/mo in rent, after a $1,908/mo payment. Total monthly income is $1,740/mo. Return on cash invested sits at 14.34% in year one, and rental yield is 5.36% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 72.71% and total cumulative return in cash sums $93,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.

Single Family

Built in 1971

6.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Here's your chance to own this beautiful property! One owner has lived there for 45 years. 6.5 acres, great for hay, horse or whatever your heart desires. New roof & siding in 2025, HVAC in 2023, wood boiler (heats house and water) check and redone in January 2025. 3 fireplaces converted to propan-2 tanks owned, one is empty, the other over half full-seller doesn't use. Got an RV? We have the place to store it with a 30 amp hook up. Need a barn? We have that too! (22x25) Pool with some new decking surrounding and a gazebo to get out of the sun. New pump and filter for the pool. Inside the 2 story home you'll find a ton of charm. Gorgeous refinished HW floors in the living room and formal dining room. Tons of windows everywhere! Family room has a fireplace and built-in bookcases. Office has HW floors under the carpet. In fact, there should be HW floors under all the carpet-upstairs and the main floor. Unfinished basement contains tons of storage and the laundry area. One room is finished with a fireplace. Seller has never lived in the home, welcomes inspections, but is selling the home as-is. Sq ft & rm sz approx..

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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9470 Highway 211 SE, Elizabeth, IN, 47117

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4 Bath
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326-330 Lemmon Street, Corydon, IN, 47112

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: SingleFamily
Year Built: 1971
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Attached, Carport, Garage Faces Front, Garage, Garage Door Opener

Location

City: New Albany
State: IN
Subdivision: N/A
Lot Size: 6.50 Acres
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Amanda Braden • Schuler Bauer Real Estate Services ERA Powered (N

Mls Name: SIRA

Mls ID: #2025011654

1525 E Willis Road,New Albany,IN,47150

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

1525 E Willis RoadNew AlbanyIN47150