2002 Cedar Ridge Drive, New Albany, IN, 47150 | $560/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

Rental property for sale in New Albany at 2002 Cedar Ridge Drive, New Albany, IN, 47150 generates $2,060/mo in rent and, after a $1,223/mo payment, leaves $560/mo in cash flow. Total monthly income is $2,060/mo, and annual cash flow is $6,720/yr on $82,842 invested. Return on cash invested sits at 28.02% in year one, and rental yield is 9.89% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 146.16% and total cumulative return in cash sums $121,082. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,060/mo property income rather than buyer’s personal income.

Single Family

Built in 2003

6,272 sqft lot

$N/A/sqft

No HOA