Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 213 W Lewis Street, New Albany, IN, 47150 offers a 12.97% rental yield on a $112,000 purchase with $1,211/mo rent. Total monthly income registers $1,211/mo, and a $548/mo payment leaves $539/mo available for distribution. Annual cash flow reaches $6,466/yr on $37,128 to close, and return on cash invested stands at 37.33% in year one. Equity gained on principal adds $723/yr while 5% annual appreciation supports $30,944 over five years. Portfolio math shows five-year ROI at 196% and total cumulative return in cash at $72,771. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,211/mo property income against a $548/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
7,274 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-09-02 | Sold | $112,000 |
| 2025-08-14 | Listed for sale | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $300.48 | -3.01% | $52,000 | 12.80% |
| 2023-10-17 | $309.82 | 3.18% | $46,100 | 2.67% |
| 2022-10-17 | $300.28 | 2.69% | $44,900 | 5.40% |
Listed by: Diamond A Alexander • Diamond Key Realtors
Mls Name: SIRA
Mls Provider:
Mls ID: #2025010315
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.
