805 Elmwood Avenue, New Albany, IN, 47150 | $324/mo Cash Flow

For Sale

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 805 Elmwood Avenue, New Albany, IN, 47150 earns $324/mo cash flow from $1,386/mo rent with a $866/mo payment. Total monthly income totals $1,386/mo, and annual cash flow totals $3,886/yr on $58,676 capital. ROI tracks 26.53% on current figures, and rental yield reads 9.4% at a $177,000 purchase. Equity gained on principal adds $1,142/yr, and 5% annual appreciation supports $48,902 over five years. Five-year ROI reaches 138.13% and total cumulative return in cash sums $81,047. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,386/mo property income instead of your personal income.

Single Family

Built in 1950

8,973 sqft lot

$N/A/sqft

No HOA