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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% |
Rental property for sale in New Albany at 4214- LOT 131 Skylar Way, New Albany, IN, 47150 generates $1,740/mo in rent, after a $1,566/mo payment. Total monthly income is $1,740/mo. Return on cash invested sits at 17.58% in year one, and rental yield is 6.53% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 90.25% and total cumulative return in cash sums $95,739. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$300 annually HOA
Date | Event | Price |
|---|---|---|
| 2025-01-24 | Sold | $320,000 |
| 2024-12-10 | Pending sale | $333,900 |
| 2024-10-04 | Listed for sale | $333,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lisa Morris • RE/MAX FIRST
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011216
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.
