1803 E Market 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 1803 E Market Street, New Albany, IN, 47150 offers $955/mo rent that, after a $587/mo payment, leaves $188/mo cash flow. Total monthly income is $955/mo, and annual cash flow is $2,251/yr on $39,747 cash. Return on cash invested measures 25.57% in year one, and rental yield stands at 9.56% at a $119,900 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,126 by year five. Five-year ROI records 133.53% and total cumulative return in cash reaches $53,076. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $955/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
4,443 sqft lot
$N/A/sqft
No HOA
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Listed by: Chris Koerner • Property Advancement Realty
Mls Name: SIRA
Mls Provider:
Mls ID: #2024010692
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.