Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in New Albany at 1201 Lafayette Drive, New Albany, IN, 47150 offers a 9.7% rental yield on a $329,900 purchase with $2,666/mo rent. Total monthly income registers $2,666/mo, and a $1,615/mo payment leaves $685/mo available for distribution. Annual cash flow reaches $8,224/yr on $109,362 to close, and return on cash invested stands at 27.43% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 142.94% and total cumulative return in cash at $156,327. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,666/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
9,104 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-28 | Listed for sale | $329,900 |
| 2020-07-08 | Sold | $245,000 |
| 2020-05-14 | Listed for sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-29 | $1634.06 | -7.12% | $150,800 | -2.58% |
| 2023-05-29 | $1759.38 | 6.65% | $154,800 | -6.69% |
| 2022-05-29 | $1649.72 | 13.04% | $165,900 | 7.31% |
Listed by: Jesse Niehaus • Semonin REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #202508302
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.
