2007 Cedar Ridge Dr, New Albany, IN, 47150 | $1,146/mo Cash Flow

Off market

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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 2007 Cedar Ridge Dr, New Albany, IN, 47150 generates $2,915/mo in rent and, after a $1,442/mo payment, leaves $1,146/mo in cash flow. Total monthly income is $2,915/mo, and annual cash flow is $13,758/yr on $97,660 invested. Return on cash invested sits at 34% in year one, and rental yield is 11.87% on a $294,600 entry. Equity gained on principal adds $1,901/yr, while 5% annual appreciation builds toward $81,393 over five years. Five-year ROI reaches 178.17% and total cumulative return in cash sums $173,996. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,915/mo property income rather than buyer’s personal income.

Single Family

Built in 2003

0.37 Acres lot

$N/A/sqft

No HOA