4102 Inverness DriveNew 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 4102 Inverness Drive, New Albany, IN, 47150 priced at $379,900 converts $3,166/mo rent into $873/mo cash flow after a $1,859/mo obligation. Total monthly income equals $3,166/mo, and annual cash flow totals $10,481/yr on $125,937 invested. Return on cash invested prints 28.23% in year one, and rental yield reads 10% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 147.28% and total cumulative return in cash sums $185,477. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,166/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1998
10,454 sqft lot
$N/A/sqft
$150 annually HOA
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Listed by: David B Bauer • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls Provider:
Mls ID: #202507696
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.