The Cornelia Plan, Greenway Commons, New Albany, IN, 47150 | 6.33% Rental Yield

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Price: $300K - 500K

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The Cornelia Plan, Greenway Commons, New Albany, IN, 47150 | 6.33% Rental Yield | 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

Rental property for sale in New Albany at The Cornelia Plan, Greenway Commons, New Albany, IN, 47150 priced at $329,900 converts $1,740/mo rent into after a $1,615/mo obligation. Total monthly income equals $1,740/mo. Return on cash invested prints 15.79% in year one, and rental yield reads 6.33% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 81.06% and total cumulative return in cash sums $88,647. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $1,615/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

$135 monthly HOA

More details about the property

"The Cornelia" is a charming and well-designed home! Upon entering, you're welcomed into an open great room that seamlessly combines the kitchen and dining area, creating a spacious and inviting atmosphere for daily living and entertaining. The master suite is a standout feature with its generous size, complete with an attached bath and an oversized closet, providing a comfortable and private retreat within the home. Additionally, "The Cornelia" offers two more bedrooms, perfect for family members or guests, along with a hall bath for their convenience. A dedicated laundry room and a two-car garage add practicality and functionality to the home, making daily chores easier and providing ample storage space. Overall, "The Cornelia" offers a blend of comfort, functionality, and modern living conveniences, making it an appealing choice for families or individuals looking for a cozy yet spacious home.