2101 Carlton DriveNew AlbanyIN47150
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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
Investment Highlights
Investment property for sale in New Albany at 2101 Carlton Drive, New Albany, IN, 47150 earns $1,321/mo cash flow from $2,071/mo rent with a $571/mo payment. Total monthly income totals $2,071/mo, and annual cash flow totals $15,849/yr on $38,653 capital. ROI tracks 60.91% on current figures, and rental yield reads 21.31% at a $116,600 purchase. Equity gained on principal adds $752/yr, and 5% annual appreciation supports $32,214 over five years. Five-year ROI reaches 323.08% and total cumulative return in cash sums $124,880. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,071/mo property income instead of your personal income.
Single Family
Built in 1953
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: Vina Woodcock • Semonin REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011149
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.