3088 Bridlewood Lane Lot #315, New Albany, IN, 47150 | 5.36% Rental Yield

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 3088 Bridlewood Lane Lot #315, New Albany, IN, 47150 generates $1,740/mo in rent, after a $1,908/mo payment. Total monthly income is $1,740/mo. Return on cash invested sits at 14.34% in year one, and rental yield is 5.36% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 72.71% and total cumulative return in cash sums $93,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

8,581 sqft lot

$N/A/sqft

No HOA