2216 Morton 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 2216 Morton Avenue, New Albany, IN, 47150 earns $238/mo cash flow from $1,984/mo rent with a $1,395/mo payment. Total monthly income totals $1,984/mo, and annual cash flow totals $2,856/yr on $94,478 capital. ROI tracks 22.93% on current figures, and rental yield reads 8.35% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 118.96% and total cumulative return in cash sums $112,386. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,984/mo property income instead of your personal income.
Single Family
Built in 1930
7,666 sqft lot
$N/A/sqft
No HOA
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Listed by: Stephanie Watson • Green Tree Real Estate Services
Mls Name: SIRA
Mls Provider:
Mls ID: #2025011210
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.