918 W Main Street, New Albany, IN, 47150 | $282/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 918 W Main Street, New Albany, IN, 47150 uses $46,377 cash to close to unlock $3,383/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,122/mo, and a $685/mo payment keeps the spread at $282/mo. Purchase price stands at $139,900, and rental yield measures 9.62% with $1,122/mo rent. Return on cash invested shows 27.2% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 141.72% and total cumulative return in cash records $65,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,122/mo property income covering a $685/mo payment rather than investor’s personal income.

Single Family

Built in 1929

6,969 sqft lot

$N/A/sqft

No HOA