2210 Shrader AveNew 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 2210 Shrader Ave, New Albany, IN, 47150 offers $1,204/mo rent that, after a $832/mo payment, leaves $172/mo cash flow. Total monthly income is $1,204/mo, and annual cash flow is $2,062/yr on $56,322 cash. Return on cash invested measures 23.57% in year one, and rental yield stands at 8.5% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 122.34% and total cumulative return in cash reaches $68,906. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,204/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
3,920 sqft lot
$N/A/sqft
No HOA
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Listed by: Donna Mink • Mink Realty
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1684249
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