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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in New Albany at 3620 Gray Fox Drive, New Albany, IN, 47150 offers a 9.55% rental yield on a $250,000 purchase with $1,990/mo rent. Total monthly income registers $1,990/mo, and a $1,224/mo payment leaves $489/mo available for distribution. Annual cash flow reaches $5,867/yr on $82,875 to close, and return on cash invested stands at 26.99% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 140.57% and total cumulative return in cash at $116,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,990/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.42 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-07-29 | Listed for sale | $250,000 |
| 2025-06-26 | Listing removed | $235,000 |
| 2025-06-16 | Price change | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-30 | $1473.24 | 7.45% | $205,900 | -1.86% |
| 2023-07-30 | $1371.04 | 7.61% | $209,800 | 8.82% |
| 2022-07-30 | $1274.04 | 18.63% | $192,800 | 7.17% |
Listed by: Shane "Shane" Rojas • Keller Williams Realty Consultants
Mls Name: SIRA
Mls Provider:
Mls ID: #202509872
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.
