207 Highland Avenue, New Albany, IN, 47150 | 3.92% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
1051 sft

4030 Crawford Ave, Louisville, KY, 40218

2 Bed
1 Bath
1201 sft

2337 Bonnycastle Ave APT 4, Louisville, KY, 40205

3 Bed
2 Bath
1064 sft

8885 High Street, Georgetown, IN, 47122

3 Bed
2 Bath
1125 sft

6612 North Dr, Louisville, KY, 40272

Nearby investment properties with comparable prices

3 Bed
2 Bath
1709 sft

6100 Passionflower Dr #201, Prospect, KY, 40059

3 Bed
2 Bath
1797 sft

6100 Passionflower Dr #101, Prospect, KY, 40059

3 Bed
4 Bath
4088 sft

1038 Garden Creek Cir, Louisville, KY, 40223

3 Bed
4 Bath
3680 sft

5405 Colonyridge Rd, Louisville, KY, 40229

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 207 Highland Avenue, New Albany, IN, 47150 offers $2,156/mo rent that, after a $3,230/mo payment. Total monthly income is $2,156/mo. Return on cash invested measures 10.08% in year one, and rental yield stands at 3.92% at a $660,000 entry. Equity gained on principal adds $4,259/yr while 5% annual appreciation compounds into $182,346 by year five. Five-year ROI records 49.87% and total cumulative return in cash reaches $108,285. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,156/mo property income versus a $3,230/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1939

0.68 Acres lot

$N/A/sqft

No HOA