3309 Cobblers CourtNew 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
Rental property for sale in New Albany at 3309 Cobblers Court, New Albany, IN, 47150 offers $3,112/mo rent that, after a $2,119/mo payment, leaves $494/mo cash flow. Total monthly income is $3,112/mo, and annual cash flow is $5,932/yr on $143,540 cash. Return on cash invested measures 24.04% in year one, and rental yield stands at 8.62% at a $433,000 entry. Equity gained on principal adds $2,794/yr while 5% annual appreciation compounds into $119,630 by year five. Five-year ROI records 124.83% and total cumulative return in cash reaches $179,180. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,112/mo property income versus a $2,119/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.27 Acres lot
$N/A/sqft
$225 annually HOA
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Nearby investment properties with comparable prices
Listed by: Kristal May • Lopp Real Estate Brokers
Mls Name: SIRA
Mls Provider:
Mls ID: #202508639
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.