2424 Johnson Pass LOT 237, Memphis, IN, 47143 | $90/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2424 Johnson Pass LOT 237, Memphis, IN, 47143 | $90/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

5 Bed
2 Bath
1489 sft

3706 Luken Dr, Shively, KY, 40216

4 Bed
3 Bath
1864 sft

13257 Early Sunset Drive, Memphis, IN, 47143

4 Bed
3 Bath
1820 sft

Concord Basement Plan, Fairview Farm, Memphis, IN, 47143

3 Bed
2 Bath
2085 sft

716 Vincennes St, New Albany, IN, 47150

Nearby investment properties with comparable prices

4 Bed
3 Bath
2352 sft

2309 McLean Avenue, New Albany, IN, 47150

3 Bed
2 Bath
1988 sft

167 Alice Dean Court NE, New Salisbury, IN, 47161

3 Bed
2 Bath
1792 sft

2705 Allentown Road, Sellersburg, IN, 47172

3 Bed
3 Bath
3021 sft

3030 Shadybrook Lane, New Albany, IN, 47150

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

Investment property for sale in Memphis at 2424 Johnson Pass LOT 237, Memphis, IN, 47143 uses $114,334 cash to close to unlock $1,077/yr annual cash flow and $90/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,688/mo payment keeps the spread at $90/mo. Purchase price stands at $344,900, and rental yield measures 7.52% with $2,160/mo rent. Return on cash invested shows 20.85% in year one, and 5% annual appreciation builds toward $95,290 over five years. Five-year ROI reaches 107.66% and total cumulative return in cash records $123,093. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,688/mo payment rather than investor’s personal income.

Single Family

Built in 2025

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Introducing The Belle by ASB Homes a quality-built 4-bedroom, 2-bath home designed with comfort, style, and efficiency in mind. Perfectly located on the edge of Sellersburg and Memphis, youll enjoy being just minutes from the prestigious Fuzzy Zoeller Golf Course, Interstate 65, and downtown Sellersburg. With nearly 1,800 sq ft of thoughtfully planned living space, this home features durable LVP flooring throughout the main living areas and an impressive great room with soaring 10 ceilings. The open-concept layout begins with a true foyer entry and flows seamlessly into the kitchen and dining spaces, ideal for entertaining. The kitchen is a chefs delight with granite or quartz countertops, a breakfast bar, and an inviting eat-in dining area. The luxurious owners suite boasts a walk-in closet, dual vanity, and private bath with separate shower. Three additional bedrooms provide versatility, including a large 4th bedroom/bonus room above the garageperfect for guests, office, or private retreat. This Energy Smart Rated home ensures year-round efficiency and comes with the peace of mind of an RWC build warranty. Experience the craftsmanship and thoughtful design only ASB Homes can deliver!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47143, Memphis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,619 (100%)
Owner Occupied HU	1,408 (87.0%)
Renter Occupied HU	171 (10.6%)
Vacant Housing Units	40 ( 2.5%)
Median Home Value	$266,563
Average Home Value	$290,305