2534 Charlestown Road #25New 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 2534 Charlestown Road #25, New Albany, IN, 47150 listed at $239,000 pairs $1,972/mo rent with a $1,170/mo payment to leave $369/mo cash flow. Total monthly income runs $1,972/mo, and annual cash flow reaches $4,429/yr on $79,229 cash to close. Return on cash invested measures 25.5% in year one, and rental yield registers 9.9% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 133.54% and total cumulative return in cash totals $105,804. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,972/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2009
2,090 sqft lot
$N/A/sqft
$168 monthly HOA
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Listed by: Janet Dale Himmelheber • Semonin REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #202508708
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.