2319 Shrader AvenueNew AlbanyIN47150
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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
Investment Highlights
Investment property for sale in New Albany at 2319 Shrader Avenue, New Albany, IN, 47150 uses $66,300 cash to close to unlock $52/yr annual cash flow and $4/mo monthly cash flow. Total monthly income runs $1,205/mo, and a $979/mo payment keeps the spread at $4/mo. Purchase price stands at $199,999, and rental yield measures 7.23% with $1,205/mo rent. Return on cash invested shows 19.99% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 103.07% and total cumulative return in cash records $68,336. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,205/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1928
4,356 sqft lot
$N/A/sqft
No HOA
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Listed by: Gary Lytle • eXp Realty, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #202507207
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.