1718 Shelby St, New Albany, IN, 47150 | $383/mo Cash Flow

For Sale

Motivated Seller

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 1718 Shelby St, New Albany, IN, 47150 uses $66,300 cash to close to unlock $4,600/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $1,584/mo, and a $979/mo payment keeps the spread at $383/mo. Purchase price stands at $200,000, and rental yield measures 9.5% with $1,584/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 139.85% and total cumulative return in cash records $92,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,584/mo property income covering a $979/mo payment rather than investor’s personal income.

Single Family

Built in 1930

6,098 sqft lot

$N/A/sqft

No HOA