619 W Spring St, New Albany, IN, 47150 | 5.3% Rental Yield

For Sale

Currently Rented

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

Investment property for sale in New Albany at 619 W Spring St, New Albany, IN, 47150 offers a 5.3% rental yield on a $315,000 purchase with $1,392/mo rent. 17% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 71.83% and total cumulative return in cash at $75,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,392/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1929

2,984 sqft lot

$N/A/sqft

No HOA