3046 Cobblers Crossing Road, New Albany, IN, 47150 | $355/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

Investment property for sale in New Albany at 3046 Cobblers Crossing Road, New Albany, IN, 47150 uses $152,457 cash to close to unlock $4,263/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $3,116/mo, and a $2,251/mo payment keeps the spread at $355/mo. Purchase price stands at $459,900, and rental yield measures 8.13% with $3,116/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 117.61% and total cumulative return in cash records $179,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,116/mo property income covering a $2,251/mo payment rather than investor’s personal income.

Single Family

Built in 1996

0.26 Acres lot

$N/A/sqft

No HOA