323 E 9th StreetNew 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 323 E 9th Street, New Albany, IN, 47150 listed at $575,000 pairs $2,513/mo rent with a $2,814/mo payment. Total monthly income runs $2,513/mo. Return on cash invested measures 14.06% in year one, and rental yield registers 5.24% at a $575,000 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,862 by year five. Five-year ROI tracks 71.23% and total cumulative return in cash totals $134,759. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,513/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1903
5,967 sqft lot
$N/A/sqft
No HOA
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Listed by: Paul R Kiger II • Coldwell Banker McMahan
Mls Name: SIRA
Mls Provider:
Mls ID: #202508362
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.