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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in New Albany at 2309 McLean Avenue, New Albany, IN, 47150 with 5% annual appreciation on a $344,900 basis while $3,029/mo rent supports operations. Total monthly income totals $3,029/mo and a $1,688/mo payment preserves $959/mo for cash returns. Annual cash flow comes to $11,505/yr on $114,334 deployed, and return on cash invested reaches 29.97% in year one. Equity gained on principal adds $2,226/yr, and five-year appreciation sums $95,290 alongside rental yield of 10.54%. Five-year ROI measures 156.56% and total cumulative return in cash totals $179,001.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,029/mo property income versus a $1,688/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1928
7,274 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-04-30 | Listed for sale | $344,900 |
| 2025-01-28 | Listing removed | $344,900 |
| 2025-01-23 | Listed for sale | $344,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $1466.48 | 6.88% | $176,100 | 11.60% |
| 2023-05-01 | $1372.08 | 14.96% | $157,800 | 6.91% |
| 2022-05-01 | $1193.54 | 13.00% | $147,600 | 8.61% |
Listed by: Brian Waters • Mentor Listing Realty, Inc.
Mls Name: SIRA
Mls Provider:
Mls ID: #202505400
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.
