506 Virginia Avenue, New Albany, IN, 47150 | 5.67% Rental Yield

For Sale

Currently Rented

Rental Income

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

Rental property for sale in New Albany at 506 Virginia Avenue, New Albany, IN, 47150 priced at $439,900 converts $2,080/mo rent into after a $2,153/mo obligation. Total monthly income equals $2,080/mo. Return on cash invested prints 15.3% in year one, and rental yield reads 5.67% against a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,536 by year five. Five-year ROI reaches 77.87% and total cumulative return in cash sums $113,559. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,080/mo property income covering a $2,153/mo payment, not borrower’s personal income.

Multi Family

Built in 1940

1.84 Acres lot

$N/A/sqft

No HOA