3225 Blackiston BoulevardNew AlbanyIN47150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3225 Blackiston Boulevard, New Albany, IN, 47150 offers a 8.64% rental yield on a $296,000 purchase with $2,130/mo rent. Total monthly income registers $2,130/mo, and a $1,449/mo payment leaves $228/mo available for distribution. Annual cash flow reaches $2,735/yr on $98,124 to close, and return on cash invested stands at 22.7% in year one. Equity gained on principal adds $1,910/yr while 5% annual appreciation supports $81,779 over five years. Portfolio math shows five-year ROI at 118.1% and total cumulative return in cash at $115,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,130/mo property income against a $1,449/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
4,356 sqft lot
$N/A/sqft
$125 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachel Gish • Semonin REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #2025010566
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.