704 W 7th Street, New Albany, IN, 47150 | $473/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

704 W 7th Street, New Albany, IN, 47150 | $473/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
2392 sft

3860 Corydon Ramsey Road NW, Corydon, IN, 47112

2 Bed
1 Bath
1038 sft

7303 Betsy Ross Dr, Louisville, KY, 40272

Investment Property+ 1 more

4 Bed
1 Bath
1230 sft

6907 Ethan Allen Way, Louisville, KY, 40272

3 Bed
1 Bath
1009 sft

6005 Middleground Dr, Louisville, KY, 40272

Nearby investment properties with comparable prices

3 Bed
1 Bath
1025 sft

3214 Bridwell Dr, Louisville, KY, 40216

3 Bed
2 Bath
1666 sft

805 E Walnut Street, Corydon, IN, 47112

2 Bed
1 Bath
840 sft

12125 Walnut St SW, Mauckport, IN, 47142

4 Bed
1 Bath
1230 sft

7201 Nathan Hale Way, Louisville, KY, 40272

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in New Albany at 704 W 7th Street, New Albany, IN, 47150 generates $1,427/mo in rent and, after a $778/mo payment, leaves $473/mo in cash flow. Total monthly income is $1,427/mo, and annual cash flow is $5,673/yr on $52,709 invested. Return on cash invested sits at 30.67% in year one, and rental yield is 10.77% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 160.35% and total cumulative return in cash sums $84,516. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,427/mo property income rather than buyer’s personal income.

Single Family

Built in 1929

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

This well maintained and recently remodeled property is a single-family home with two bedrooms and one bathroom, totaling 972 square feet! It features easy access to downtown New Albany, highways I-265 and I-64, and the Sherman Minton Bridge making it a convenient commute to downtown Louisville as well. This home has an eat in kitchen, a laundry room (washer and dryer stays with home) a spacious living room and 2 good sized bedrooms. Tenant in home until Jan 31.