1106 Savannah Drive, New Albany, IN, 47150 | $569/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 1106 Savannah Drive, New Albany, IN, 47150 offers a 10.24% rental yield on a $224,900 purchase with $1,919/mo rent. Total monthly income registers $1,919/mo, and a $1,101/mo payment leaves $569/mo available for distribution. Annual cash flow reaches $6,825/yr on $74,554 to close, and return on cash invested stands at 29.06% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 151.7% and total cumulative return in cash at $113,101. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,919/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1962

9,147 sqft lot

$N/A/sqft

No HOA