703 Knob Hill AvenueNew 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 703 Knob Hill Avenue, New Albany, IN, 47150 with 5% annual appreciation on a $124,900 basis while $840/mo rent supports operations. Total monthly income totals $840/mo and a $611/mo payment preserves $91/mo for cash returns. Annual cash flow comes to $1,087/yr on $41,404 deployed, and return on cash invested reaches 22.53% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 8.07%. Five-year ROI measures 116.71% and total cumulative return in cash totals $48,322.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $840/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
4,356 sqft lot
$N/A/sqft
No HOA
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Listed by: Zachary Robbins • eXp Realty, LLC
Mls Name: SIRA
Mls ID: #2025013077