2219 Reno Avenue, New Albany, IN, 47150 | $328/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

Rental property for sale in New Albany at 2219 Reno Avenue, New Albany, IN, 47150 generates $1,751/mo in rent and, after a $1,160/mo payment, leaves $328/mo in cash flow. Total monthly income is $1,751/mo, and annual cash flow is $3,941/yr on $78,532 invested. Return on cash invested sits at 24.93% in year one, and rental yield is 8.87% on a $236,900 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,451 over five years. Five-year ROI reaches 129.53% and total cumulative return in cash sums $101,725. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,751/mo property income rather than buyer’s personal income.

Single Family

Built in 1929

5,445 sqft lot

$N/A/sqft

No HOA