2218 Fairmont Avenue, New Albany, IN, 47150 | $199/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 2218 Fairmont Avenue, New Albany, IN, 47150 offers a 8.16% rental yield on a $250,000 purchase with $1,700/mo rent. Total monthly income registers $1,700/mo, and a $1,224/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,387/yr on $82,875 to close, and return on cash invested stands at 22.79% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 118.04% and total cumulative return in cash at $97,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,700/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1948

0.28 Acres lot

$N/A/sqft

No HOA