224 E Main St, New Albany, IN, 47150 | $159/mo Cash Flow

Off market

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 224 E Main St, New Albany, IN, 47150 with 5% annual appreciation on a $331,100 basis while $2,147/mo rent supports operations. Total monthly income totals $2,147/mo and a $1,621/mo payment preserves $159/mo for cash returns. Annual cash flow comes to $1,908/yr on $109,760 deployed, and return on cash invested reaches 21.65% in year one. Equity gained on principal adds $2,137/yr, and five-year appreciation sums $91,477 alongside rental yield of 7.78%. Five-year ROI measures 111.96% and total cumulative return in cash totals $122,888.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,147/mo property income versus a $1,621/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1878

2,178 sqft lot

$N/A/sqft

No HOA