509 E Market 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 509 E Market Street, New Albany, IN, 47150 at $219,900 posts ROI 25.31% with $328/mo cash flow from $1,648/mo rent. Total monthly income equals $1,648/mo, and annual cash flow records $3,939/yr on $72,897 to close. Return on cash invested measures 25.31% and rental yield reads 8.99% at the current $219,900. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 by year five. Five-year ROI prints 131.62% and total cumulative return in cash totals $95,944.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,648/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1929
2,613 sqft lot
$N/A/sqft
No HOA
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Listed by: Lisa Donohue • Green Tree Real Estate Services
Mls Name: SIRA
Mls ID: #202509878