2209 Shelby StNew 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 2209 Shelby St, New Albany, IN, 47150 generates $2,063/mo in rent and, after a $1,122/mo payment, leaves $687/mo in cash flow. Total monthly income is $2,063/mo, and annual cash flow is $8,242/yr on $76,013 invested. Return on cash invested sits at 30.75% in year one, and rental yield is 10.8% on a $229,300 entry. Equity gained on principal adds $1,480/yr, while 5% annual appreciation builds toward $63,351 over five years. Five-year ROI reaches 160.73% and total cumulative return in cash sums $122,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,063/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Slava D Furs • 85W Real Estate
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1691766
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