418 E 13th Street, New Albany, IN, 47150 | $803/mo Cash Flow

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 418 E 13th Street, New Albany, IN, 47150 uses $74,588 cash to close to unlock $9,631/yr annual cash flow and $803/mo monthly cash flow. Total monthly income runs $2,153/mo, and a $1,101/mo payment keeps the spread at $803/mo. Purchase price stands at $225,000, and rental yield measures 11.48% with $2,153/mo rent. Return on cash invested shows 32.82% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 171.85% and total cumulative return in cash records $128,181. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,153/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Single Family

Built in 1929

1,960 sqft lot

$N/A/sqft

No HOA