818 E Main Street, New Albany, IN, 47150 | $293/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 818 E Main Street, New Albany, IN, 47150 uses $71,273 cash to close to unlock $3,513/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $1,583/mo, and a $1,052/mo payment keeps the spread at $293/mo. Purchase price stands at $215,000, and rental yield measures 8.84% with $1,583/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 129.04% and total cumulative return in cash records $91,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,583/mo property income covering a $1,052/mo payment rather than investor’s personal income.

Condo

Built in 1929

1 Acres lot

$N/A/sqft

No HOA