823 Elmwood Avenue, New Albany, IN, 47150 | $388/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 823 Elmwood Avenue, New Albany, IN, 47150 at $209,900 posts ROI 26.61% with $388/mo cash flow from $1,648/mo rent. Total monthly income equals $1,648/mo, and annual cash flow records $4,660/yr on $69,582 to close. Return on cash invested measures 26.61% and rental yield reads 9.42% at the current $209,900. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 by year five. Five-year ROI prints 138.55% and total cumulative return in cash totals $96,404.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,648/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1960

0.33 Acres lot

$N/A/sqft

No HOA