1743 E Spring Street, New Albany, IN, 47150 | 5.91% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1743 E Spring Street, New Albany, IN, 47150 | 5.91% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1536 sft

15520 Dixie Hwy, Louisville, KY, 40272

3 Bed
2 Bath
1425 sft

5901 Soverign Ct, Louisville, KY, 40258

3 Bed
1 Bath
864 sft

813 S 42nd St, Louisville, KY, 40211

3 Bed
2 Bath
1080 sft

126 Jacobs St, Corydon, IN, 47112

Nearby investment properties with comparable prices

3 Bed
2 Bath
1650 sft

6904 Sky Blue Ave, Louisville, KY, 40258

3 Bed
3 Bath
1840 sft

7021 James Madison Way, Louisville, KY, 40272

4 Bed
2 Bath
1450 sft

7108 Blue Stream Ct, Louisville, KY, 40258

4 Bed
2 Bath
1946 sft

5960 Corydon Ramsey Road NW, Ramsey, IN, 47166

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Albany at 1743 E Spring Street, New Albany, IN, 47150 offers a 5.91% rental yield on a $275,000 purchase with $1,354/mo rent. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 81.68% and total cumulative return in cash at $74,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,354/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1929

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1743 E Spring Street! This charming 3-bedroom, 2-bath home blends 1920s character with modern updates, offering the perfect mix of comfort and convenience. Featuring 1,125 square feet of one-level living, this meticulously remodeled home has a thoughtful, functional floor plan with a private primary suite, an updated kitchen with appliances included, and stylish luxury vinyl plank flooring throughout. Enjoy cozy evenings in the living room or entertain guests in the adjoining dining area. The fenced backyard with deck and covered front porch creates great spaces for outdoor living. Practical features include a first-floor laundry/utility room, updated baths, and off-street parking. This home is just minutes from downtown shops, dining, parks, and easy access to I-64 and I-65. If you're looking for convenient New Albany living, this move-in ready gem is waiting for you!