2201 Reno AvenueNew 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
Investment property for sale in New Albany at 2201 Reno Avenue, New Albany, IN, 47150 at $189,900 posts ROI 23.76% with $202/mo cash flow from $1,510/mo rent. Total monthly income equals $1,510/mo, and annual cash flow records $2,424/yr on $62,952 to close. Return on cash invested measures 23.76% and rental yield reads 9.54% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 124.41% and total cumulative return in cash totals $78,317.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,510/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1929
5,445 sqft lot
$N/A/sqft
No HOA
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Listed by: Paige R Cooper-Moore • eXp Realty, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #202506444
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.