







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 4234- LOT 121 Skylar Way, New Albany, IN, 47150 generates $1,740/mo in rent, after a $2,148/mo payment. Total monthly income is $1,740/mo. Return on cash invested sits at 12.33% in year one, and rental yield is 4.76% on a $438,900 entry. Equity gained on principal adds $2,832/yr, while 5% annual appreciation builds toward $121,260 over five years. Five-year ROI reaches 62.01% and total cumulative return in cash sums $90,229. 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 2025
8,276 sqft lot
$N/A/sqft
$300 annually HOA
Date | Event | Price |
|---|---|---|
| 2025-05-02 | Listed for sale | $438,900 |
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: #202506813
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.