2716 Elmview 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 2716 Elmview Drive, New Albany, IN, 47150 uses $39,283 cash to close to unlock $12,284/yr annual cash flow and $1,024/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $580/mo payment keeps the spread at $1,024/mo. Purchase price stands at $118,500, and rental yield measures 17.57% with $1,735/mo rent. Return on cash invested shows 51.18% in year one, and 5% annual appreciation builds toward $32,739 over five years. Five-year ROI reaches 270.36% and total cumulative return in cash records $106,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $580/mo payment rather than investor’s personal income.
Single Family
Built in 1943
7,492 sqft lot
$N/A/sqft
No HOA
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Listed by: Todd Kornack • Keller Williams Louisville
Mls Name: SIRA
Mls Provider:
Mls ID: #202409147
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.