714 W Cottom 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
Rental property for sale in New Albany at 714 W Cottom Avenue, New Albany, IN, 47150 priced at $158,000 converts $1,048/mo rent into $100/mo cash flow after a $773/mo obligation. Total monthly income equals $1,048/mo, and annual cash flow totals $1,199/yr on $52,377 invested. Return on cash invested prints 22.2% in year one, and rental yield reads 7.96% against a $158,000 entry. Equity gained on principal adds $1,020/yr, while 5% annual appreciation compiles into $43,652 by year five. Five-year ROI reaches 114.89% and total cumulative return in cash sums $60,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,048/mo property income covering a $773/mo payment, not borrower’s personal income.
Single Family
Built in 1946
6,577 sqft lot
$N/A/sqft
No HOA
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Listed by: Molly Bond • RE/MAX Advantage
Mls Name: SIRA
Mls Provider:
Mls ID: #202507750
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.