1935 Center Street CenterNew 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 1935 Center Street Center, New Albany, IN, 47150 generates $1,768/mo in rent and, after a $1,270/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,768/mo, and annual cash flow is $2,525/yr on $86,024 invested. Return on cash invested sits at 22.84% in year one, and rental yield is 8.18% on a $259,500 entry. Equity gained on principal adds $1,675/yr, while 5% annual appreciation builds toward $71,695 over five years. Five-year ROI reaches 118.37% and total cumulative return in cash sums $101,825. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,768/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
3,920 sqft lot
$N/A/sqft
No HOA
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Listed by: Michelle Schnell-Gammons • 1% Lists Purple Door IN KY
Mls Name: SIRA
Mls ID: #2025012434