2550 Broadway St, New Albany, IN, 47150 | $502/mo Cash Flow

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2550 Broadway St, New Albany, IN, 47150 | $502/mo Cash Flow | Ziffy

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

Investment property for sale in New Albany at 2550 Broadway St, New Albany, IN, 47150 with 5% annual appreciation on a $150,000 basis while $1,402/mo rent supports operations. Total monthly income totals $1,402/mo and a $734/mo payment preserves $502/mo for cash returns. Annual cash flow comes to $6,021/yr on $49,725 deployed, and return on cash invested reaches 32.02% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 11.22%. Five-year ROI measures 167.54% and total cumulative return in cash totals $83,310.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,402/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1940

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to 2550 Broadway Street! This recently renovated 2-bedroom, 1-bath home blends modern style with everyday comfort. The open-concept layout features luxury vinyl plank flooring throughout. The kitchen has stainless steel appliances, granite countertops, and white cabinetry ? perfect for cooking and entertaining. The spacious primary bedroom offers a peaceful retreat, while the second bedroom provides flexibility for guests, a home office, or additional storage. With thoughtful updates throughout, this home is move-in ready and ideal for both short-term and long-term rental opportunities. The location is both convenient and quiet, near the end of a dead end street. This property is a must-see!