2604 Old Lake CourtNew 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 2604 Old Lake Court, New Albany, IN, 47150 at $475,000 posts ROI 24.06% with $545/mo cash flow from $3,413/mo rent. Total monthly income equals $3,413/mo, and annual cash flow records $6,538/yr on $157,463 to close. Return on cash invested measures 24.06% and rental yield reads 8.62% at the current $475,000. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 by year five. Five-year ROI prints 124.89% and total cumulative return in cash totals $196,663.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,413/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
0.43 Acres lot
$N/A/sqft
$200 annually HOA
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Listed by: Chris West • RE/MAX FIRST
Mls Name: SIRA
Mls Provider:
Mls ID: #202505097
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.