1748 E Spring StreetNew AlbanyIN47150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in New Albany at 1748 E Spring Street, New Albany, IN, 47150 listed at $129,000 pairs $1,242/mo rent with a $631/mo payment to leave $426/mo cash flow. Total monthly income runs $1,242/mo, and annual cash flow reaches $5,111/yr on $42,764 cash to close. Return on cash invested measures 31.86% in year one, and rental yield registers 11.55% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 167.08% and total cumulative return in cash totals $71,449. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,242/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1929
2,962 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephannie Wilson • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls Provider:
Mls ID: #202508149
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.