608 E Oak Street ENew AlbanyIN47150
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew New Albany rentals match the income profile of 608 E Oak Street E, New Albany, IN, 47150. Listed at $100,000, gross rent is $1,272/mo and net cash flow is $672/mo, a 15.26% yield well above national averages. DSCR 2.83 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $27,628 by year five with $921/yr in annual principal reduction, projecting $81,101 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.3% | 6.0% |
| Monthly Cash Flow | $672 | $300 |
City averages based on New Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,272 |
| Total Monthly Debt Service | $561 |
| DSCR Ratio | 2.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
3,920 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Lot
Built in N/A
3,920 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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.