3012 Grace Marie WayNew 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 3012 Grace Marie Way, New Albany, IN, 47150 offers a 5.96% rental yield on a $338,400 purchase with $1,680/mo rent. 15% in year one. Equity gained on principal adds $2,184/yr while 5% annual appreciation supports $93,494 over five years. Portfolio math shows five-year ROI at 82.46% and total cumulative return in cash at $92,504. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $1,656/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Marie D Edwards • HMS Real Estate, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #2025012692
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.