228 Clay St, New Albany, IN, 47150 | $486/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 228 Clay St, New Albany, IN, 47150 priced at $172,900 converts $1,524/mo rent into $486/mo cash flow after a $846/mo obligation. Total monthly income equals $1,524/mo, and annual cash flow totals $5,836/yr on $57,316 invested. Return on cash invested prints 30.09% in year one, and rental yield reads 10.58% against a $172,900 entry. Equity gained on principal adds $1,116/yr, while 5% annual appreciation compiles into $47,769 by year five. Five-year ROI reaches 157.27% and total cumulative return in cash sums $90,140. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,524/mo property income covering a $846/mo payment, not borrower’s personal income.

Single Family

Built in 1929

3,484 sqft lot

$N/A/sqft

No HOA