608 E Oak Street ENew 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
Rental property for sale in New Albany at 608 E Oak Street E, New Albany, IN, 47150 offers $1,272/mo rent that, after a $489/mo payment, leaves $672/mo cash flow. Total monthly income is $1,272/mo, and annual cash flow is $8,066/yr on $33,150 cash. Return on cash invested measures 44.24% in year one, and rental yield stands at 15.26% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 233.24% and total cumulative return in cash reaches $77,320. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,272/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
3,920 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Claudia Fritzinger • Starlight Real Estate
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011079
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.