512 Diehlman Drive, New Albany, IN, 47150 | $248/mo Cash Flow

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512 Diehlman Drive, New Albany, IN, 47150 | $248/mo Cash Flow | Ziffy

For Sale

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 512 Diehlman Drive, New Albany, IN, 47150 uses $69,582 cash to close to unlock $2,980/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,508/mo, and a $1,027/mo payment keeps the spread at $248/mo. Purchase price stands at $209,900, and rental yield measures 8.62% with $1,508/mo rent. Return on cash invested shows 24.19% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 125.6% and total cumulative return in cash records $87,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,508/mo property income covering a $1,027/mo payment rather than investor’s personal income.

Single Family

Built in 1989

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 2-bedroom, 1.5-bath all-brick home on a quiet dead-end street. This well-maintained home features a one-car attached garage, spacious laundry room with half bath, and an open kitchen/dining area with modern lighting. Kitchen includes stainless steel refrigerator, electric range with hood, and dishwasher. Attractive wood laminate flooring spans the living, dining, and kitchen areas, while both bedrooms are carpeted. The full bath offers ceramic tile flooring, a new mirror, light fixture, and tub surround. The primary bedroom includes a large walk-in closet. Enjoy the outdoors from the wood deck overlooking the generously sized backyard. Recent updates include: new light fixtures and LED bulbs throughout, new blinds, storm door, painted trim, updated switch plates and outlets, and new knobs on most interior doors. The deck boards, stair handrail, and rail tops have been replaced. A new water heater has been installed. The three front windows are brand new and come with a transferable lifetime warranty. Exterior updates include a new roof (2019), front windows, gutter leaf guards, and refreshed landscaping with rock and plantings. Move-in ready with thoughtful upgrades inside and out!