303 Colonial Club Drive, New Albany, IN, 47150 | $374/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New Albany at 303 Colonial Club Drive, New Albany, IN, 47150 priced at $199,500 converts $1,571/mo rent into $374/mo cash flow after a $976/mo obligation. Total monthly income equals $1,571/mo, and annual cash flow totals $4,487/yr on $66,134 invested. Return on cash invested prints 26.69% in year one, and rental yield reads 9.45% against a $199,500 entry. Equity gained on principal adds $1,287/yr, while 5% annual appreciation compiles into $55,118 by year five. Five-year ROI reaches 138.98% and total cumulative return in cash sums $91,915. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,571/mo property income covering a $976/mo payment, not borrower’s personal income.

Townhouse

Built in 1997

1,742 sqft lot

$N/A/sqft

No HOA