808 Vincennes StreetNew AlbanyIN47150
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 808 Vincennes Street, New Albany, IN, 47150 in New Albany speaks for itself: 10.98% gross on a $208,000 price, generating $1,903/mo in rent and $605/mo in net income after the $935/mo debt service. DSCR 2.04, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,255 stacks alongside $57,467 in projected five-year appreciation and $1,916/yr in principal reduction. Projected total cumulative return: $117,874.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.0% |
| Monthly Cash Flow | $605 | $300 |
City averages based on New Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,903 |
| Total Monthly Debt Service | $1,216 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
N/A lot
$N/A/sqft
$50 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2022
N/A lot
$N/A/sqft
$50 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices