235 Cherry Street, New Albany, IN, 47150 | $337/mo Cash Flow

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
1000 sft

1615 Prentice St, Louisville, KY, 40210

Currently Rented+ 1 more

4 Bed
2 Bath
1690 sft

4101 Vermont Ave, Louisville, KY, 40211

3 Bed
2 Bath
952 sft

1260 County Line Rd NE, Palmyra, IN, 47164

3 Bed
2 Bath
2700 sft

9080 State Road 64, Georgetown, IN, 47122

Nearby investment properties with comparable prices

2 Bed
2 Bath
1154 sft

53 Lakeshore Dr, Clarksville, IN, 47129

2 Bed
1 Bath
838 sft

1935 Gardiner Ln APT H115, Louisville, KY, 40205

2 Bed
2 Bath
1375 sft

3030 Breckenridge Ln APT 432, Louisville, KY, 40220

3 Bed
2 Bath
1175 sft

2612 Franklin Ave, Louisville, KY, 40216

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Albany at 235 Cherry Street, New Albany, IN, 47150 listed at $180,000 pairs $1,417/mo rent with a $881/mo payment to leave $337/mo cash flow. Total monthly income runs $1,417/mo, and annual cash flow reaches $4,038/yr on $59,670 cash to close. Return on cash invested measures 26.68% in year one, and rental yield registers 9.45% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 138.93% and total cumulative return in cash totals $82,901. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,417/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1929

1,742 sqft lot

$N/A/sqft

No HOA