808 Vincennes StreetNew 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 808 Vincennes Street, New Albany, IN, 47150 priced at $208,000 pairs $1,903/mo rent with $604/mo cash flow after a $1,018/mo payment. Total monthly income equals $1,903/mo, and annual cash flow comes to $7,254/yr on $68,952 invested. Return on cash invested is 30.43% in year one, and rental yield stands at 10.98% on a $208,000 basis. Equity gained on principal adds $1,342/yr, and 5% annual appreciation accumulates to $57,467 by year five. Five-year ROI measures 159.38% and total cumulative return in cash reaches $109,896. For financing, Ziffy Mortgage’s DSCR program evaluates $1,903/mo property income against a $1,018/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
N/A lot
$N/A/sqft
$50 monthly HOA
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Listed by: Jennifer Phelps • RE/MAX Advantage
Mls Name: SIRA
Mls Provider:
Mls ID: #202409118
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.