1729 E Spring St, New Albany, IN, 47150 | $374/mo Cash Flow

Off market

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 1729 E Spring St, New Albany, IN, 47150 uses $90,632 cash to close to unlock $4,488/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $2,015/mo, and a $1,338/mo payment keeps the spread at $374/mo. Purchase price stands at $273,400, and rental yield measures 8.84% with $2,015/mo rent. Return on cash invested shows 24.86% in year one, and 5% annual appreciation builds toward $75,535 over five years. Five-year ROI reaches 129.15% and total cumulative return in cash records $117,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,015/mo property income covering a $1,338/mo payment rather than investor’s personal income.

Single Family

Built in 1930

7,100 sqft lot

$N/A/sqft

No HOA