Concord Basement Plan, Fairview Farm, Memphis, IN, 47143 | $162/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

Concord Basement Plan, Fairview Farm, Memphis, IN, 47143 | $162/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

5 Bed
2 Bath
1489 sft

3706 Luken Dr, Shively, KY, 40216

3 Bed
2 Bath
2085 sft

716 Vincennes St, New Albany, IN, 47150

New Liberty Basement Plan, Fairview Farm

4 Bed
3 Bath
2090 sft

New Liberty Basement Plan, Fairview Farm, Memphis, IN, 47143

4 Bed
3 Bath
1864 sft

13257 Early Sunset Drive, Memphis, IN, 47143

Nearby investment properties with comparable prices

3 Bed
4 Bath
1967 sft

5130 Hunters Point Cir, Louisville, KY, 40216

3 Bed
2 Bath
1598 sft

1023 Oskin Drive #223, Georgetown, IN, 47122

3 Bed
2 Bath
1650 sft

8516 Plum Valley Court, Sellersburg, IN, 47172

3 Bed
2 Bath
1512 sft

The Cornelia Plan, Greenway Commons, New Albany, IN, 47150

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Memphis at Concord Basement Plan, Fairview Farm, Memphis, IN, 47143 offers a 7.86% rental yield on a $329,900 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,615/mo payment leaves $162/mo available for distribution. Annual cash flow reaches $1,948/yr on $109,362 to close, and return on cash invested stands at 21.69% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 112.25% and total cumulative return in cash at $122,763. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

$17 monthly HOA

More details about the property

The Concord is a 4 bedroom 3 bathroom home. Guests will enter the foyer off the open concept Living, Dining and Kitchen. You will love the elevated look of the kitchen, which has soft close cabinets, Stainless Steel appliances and is complemented by a 6' island with Stone countertops. Check out the Oversized laundry room, large closets, coat closet, large pantry, linen closet and attic access in the garage! The unfinished area has great potential for future finished space! The outdoor space is ready to be enjoyed on the elongated covered front porch and the nice sized rear patio overlooks the spacious backyard. Enjoy the attached 2-Car garage. Square footage is approximate; if critical, buyers should verify. Book your appointment today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47143, Memphis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,619 (100%)
Owner Occupied HU	1,408 (87.0%)
Renter Occupied HU	171 (10.6%)
Vacant Housing Units	40 ( 2.5%)
Median Home Value	$266,563
Average Home Value	$290,305