219 W 8th Street, New Albany, IN, 47150 | $330/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Albany at 219 W 8th Street, New Albany, IN, 47150 uses $61,294 cash to close to unlock $3,961/yr annual cash flow and $330/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $905/mo payment keeps the spread at $330/mo. Purchase price stands at $184,900, and rental yield measures 9.35% with $1,440/mo rent. Return on cash invested shows 26.37% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 137.33% and total cumulative return in cash records $84,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $905/mo payment rather than investor’s personal income.

Single Family

Built in 2025

3,049 sqft lot

$N/A/sqft

No HOA