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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New Albany at 1738 Culbertson Avenue, New Albany, IN, 47150 priced at $215,000 converts $1,531/mo rent into $241/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,531/mo, and annual cash flow totals $2,889/yr on $71,273 invested. Return on cash invested prints 23.96% in year one, and rental yield reads 8.55% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 124.34% and total cumulative return in cash sums $88,621. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,531/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1929
5,706 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-06-11 | Listed for sale | $215,000 |
| 2024-12-16 | Listing removed | $180,000 |
| 2024-12-09 | Pending sale | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-12 | $1077.04 | 23.18% | $124,000 | 8.68% |
| 2023-06-12 | $874.34 | 28.93% | $114,100 | 13.76% |
| 2022-06-12 | $678.16 | 2.74% | $100,300 | 13.85% |
Listed by: Ashley Rae Hayes • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls Provider:
Mls ID: #202508657
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.
