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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New Albany at 1 Captains Court, New Albany, IN, 47150 generates $3,932/mo in rent and, after a $2,202/mo payment, leaves $1,231/mo in cash flow. Total monthly income is $3,932/mo, and annual cash flow is $14,776/yr on $149,142 invested. Return on cash invested sits at 29.82% in year one, and rental yield is 10.49% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 155.74% and total cumulative return in cash sums $232,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,932/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.48 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-09-18 | Price change | $449,900 |
| 2025-09-02 | Price change | $454,900 |
| 2025-08-15 | Listed for sale | $459,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-19 | $2455.30 | -1.33% | $226,300 | -1.95% |
| 2023-09-19 | $2488.30 | 6.95% | $230,800 | -0.94% |
| 2022-09-19 | $2326.58 | -2.53% | $233,000 | 7.77% |
Listed by: Stephannie Wilson • NextHome Wilson Real Estate
Mls Name: SIRA
Mls Provider:
Mls ID: #2025011207
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.
