1409 Slate Run Road #16, New Albany, IN, 47150 | $276/mo Cash Flow

For Sale

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
941 sft

108 Algiers Ct APT 3, Louisville, KY, 40218

1 Bed
1 Bath
627 sft

1109 E 9th Street, Jeffersonville, IN, 47130

2 Bed
1 Bath
1158 sft

1103 W Hill St, Louisville, KY, 40210

3 Bed
2 Bath
2016 sft

7600 Kesindale Circle SE, Elizabeth, IN, 47117

Nearby investment properties with comparable prices

5 Bed
3 Bath
3720 sft

13708 Willow Reed Dr, Louisville, KY, 40299

1 Bed
1 Bath
781 sft

1002 La Fontenay Ct, Louisville, KY, 40223

2 Bed
1 Bath
907 sft

7830 Highway 135 NE, New Salisbury, IN, 47161

2 Bed
2 Bath
847 sft

3505 Lodge Ln APT 109, Louisville, KY, 40218

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in New Albany at 1409 Slate Run Road #16, New Albany, IN, 47150 generates $1,147/mo in rent and, after a $710/mo payment, leaves $276/mo in cash flow. Total monthly income is $1,147/mo, and annual cash flow is $3,315/yr on $48,068 invested. Return on cash invested sits at 26.81% in year one, and rental yield is 9.49% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 139.67% and total cumulative return in cash sums $67,136. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,147/mo property income rather than buyer’s personal income.

Condo

Built in 1984

87.12 sqft lot

$N/A/sqft

No HOA