3828 Homestead Drive, New Albany, IN, 47150 | $304/mo Cash Flow

For Sale

Listed for sale 2 days ago

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 3828 Homestead Drive, New Albany, IN, 47150 uses $82,842 cash to close to unlock $3,648/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $1,804/mo, and a $1,223/mo payment keeps the spread at $304/mo. Purchase price stands at $249,900, and rental yield measures 8.66% with $1,804/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 126.26% and total cumulative return in cash records $104,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,804/mo property income covering a $1,223/mo payment rather than investor’s personal income.

Single Family

Built in 2013

4,878 sqft lot

$N/A/sqft

No HOA