1413 Silver Slate Drive, New Albany, IN, 47150 | $73/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
925 sft

134 Hillside Ln, Louisville, KY, 40229

3 Bed
1 Bath
1501 sft

2231 Beargrass Ave, Louisville, KY, 40218

2 Bed
2 Bath
1499 sft

1211 Walter Ave, Louisville, KY, 40215

4 Bed
2 Bath
1478 sft

633 S 36th St, Louisville, KY, 40211

Nearby investment properties with comparable prices

2 Bed
2 Bath
1248 sft

5118- LOT 123 Boulder Springs Boulevard, Charlestown, IN, 47111

AUBURN Plan, Villas of Springville Manor

3 Bed
3 Bath
1566 sft

AUBURN Plan, Villas of Springville Manor, Charlestown, IN, 47111

3 Bed
2 Bath
1550 sft

5800 Southland Ter, Louisville, KY, 40214

3 Bed
3 Bath
1977 sft

213 Sycamore Dr, Sycamore, KY, 40223

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

Investment property for sale in New Albany at 1413 Silver Slate Drive, New Albany, IN, 47150 earns $73/mo cash flow from $1,843/mo rent with a $1,443/mo payment. Total monthly income totals $1,843/mo, and annual cash flow totals $878/yr on $97,759 capital. ROI tracks 20.81% on current figures, and rental yield reads 7.5% at a $294,900 purchase. Equity gained on principal adds $1,903/yr, and 5% annual appreciation supports $81,475 over five years. Five-year ROI reaches 107.45% and total cumulative return in cash sums $105,043. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,843/mo property income instead of your personal income.

Single Family

Built in 1964

8,581 sqft lot

$N/A/sqft

No HOA