1740 Houston StreetNew 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
Rental property for sale in New Albany at 1740 Houston Street, New Albany, IN, 47150 generates $1,370/mo in rent and, after a $861/mo payment, leaves $314/mo in cash flow. Total monthly income is $1,370/mo, and annual cash flow is $3,767/yr on $58,344 invested. Return on cash invested sits at 26.37% in year one, and rental yield is 9.34% on a $176,000 entry. Equity gained on principal adds $1,136/yr, while 5% annual appreciation builds toward $48,626 over five years. Five-year ROI reaches 137.22% and total cumulative return in cash sums $80,061. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,370/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
7,361 sqft lot
$N/A/sqft
No HOA
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Listed by: Shawna Clemons • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls Provider:
Mls ID: #202505972
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.