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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% |
Investment property for sale in New Albany at 1815 Culbertson Avenue, New Albany, IN, 47150 at $199,000 posts ROI 24.14% with $232/mo cash flow from $1,427/mo rent. Total monthly income equals $1,427/mo, and annual cash flow records $2,789/yr on $65,969 to close. Return on cash invested measures 24.14% and rental yield reads 8.61% at the current $199,000. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 by year five. Five-year ROI prints 125.32% and total cumulative return in cash totals $82,674.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,427/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1929
2,613 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-07 | Listed for sale | $199,000 |
| 2024-09-30 | Listing removed | $199,000 |
| 2024-09-23 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-08 | $869.00 | -18.18% | $79,900 | 8.41% |
| 2023-05-08 | $1062.14 | 240.93% | $73,700 | 47.99% |
| 2022-05-08 | $311.54 | 8.48% | $49,800 | 12.67% |
Listed by: Shelby Fryrear • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls Provider:
Mls ID: #202507808
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.
