2414 Harris Court, New Albany, IN, 47150 | $617/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 2414 Harris Court, New Albany, IN, 47150 generates $1,967/mo in rent and, after a $1,101/mo payment, leaves $617/mo in cash flow. Total monthly income is $1,967/mo, and annual cash flow is $7,399/yr on $74,588 invested. Return on cash invested sits at 29.83% in year one, and rental yield is 10.49% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 155.81% and total cumulative return in cash sums $116,217. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,967/mo property income rather than buyer’s personal income.

Single Family

Built in 1962

6,534 sqft lot

$N/A/sqft

No HOA