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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New Albany at 2803 Parkway Drive, New Albany, IN, 47150 offers $1,487/mo rent that, after a $905/mo payment, leaves $377/mo cash flow. Total monthly income is $1,487/mo, and annual cash flow is $4,524/yr on $61,328 cash. Return on cash invested measures 27.29% in year one, and rental yield stands at 9.65% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 142.14% and total cumulative return in cash reaches $87,171. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,487/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
6,664 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-31 | Listed for sale | $185,000 |
| 2025-05-04 | Listing removed | $185,000 |
| 2025-05-02 | Price change | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-02 | $1387.30 | 4.07% | $63,900 | -1.69% |
| 2023-06-02 | $1333.00 | 6.43% | $65,000 | 4.00% |
| 2022-06-02 | $1252.46 | -0.35% | $62,500 | 7.39% |
Listed by: Jeff Simmons • REI Realty, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #202507558
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.
