531 Spickert Knob Road, New Albany, IN, 47150 | 6.28% Rental Yield

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

Rental property for sale in New Albany at 531 Spickert Knob Road, New Albany, IN, 47150 priced at $375,000 converts $1,961/mo rent into after a $1,835/mo obligation. Total monthly income equals $1,961/mo. Return on cash invested prints 17.11% in year one, and rental yield reads 6.28% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 87.62% and total cumulative return in cash sums $108,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,961/mo property income covering a $1,835/mo payment, not borrower’s personal income.

Single Family

Built in 1974

8.88 Acres lot

$N/A/sqft

No HOA