1606 Ekin AvenueNew 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 1606 Ekin Avenue, New Albany, IN, 47150 uses $34,808 cash to close to unlock $15,469/yr annual cash flow and $1,289/mo monthly cash flow. Total monthly income runs $1,968/mo, and a $514/mo payment keeps the spread at $1,289/mo. Purchase price stands at $105,000, and rental yield measures 22.49% with $1,968/mo rent. Return on cash invested shows 64.35% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 341.66% and total cumulative return in cash records $118,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,968/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1929
3,484 sqft lot
$N/A/sqft
No HOA
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Listed by: Erich M Schmitt • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls Provider:
Mls ID: #2025012441
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.