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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 Albany at 1080 E State St, Albany, IN, 47320 offers $851/mo rent that, after a $538/mo payment, leaves $191/mo cash flow. Total monthly income is $851/mo, and annual cash flow is $2,293/yr on $36,465 cash. Return on cash invested measures 26.2% in year one, and rental yield stands at 9.28% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 136.5% and total cumulative return in cash reaches $49,776. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $851/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47320, Albany, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,805 (100%) |
| Owner Occupied HU | 1,321 (73.2%) |
| Renter Occupied HU | 334 (18.5%) |
| Vacant Housing Units | 150 ( 8.3%) |
| Median Home Value | $193,394 |
| Average Home Value | $216,785 |
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
90
Date | Event | Price |
|---|---|---|
| 2024-09-24 | Listed for sale | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $485.94 | 7.99% | $76,600 | -0.91% |
| 2022-10-14 | $450.00 | 23.48% | $77,300 | 13.18% |
| 2021-10-14 | $364.44 | 2.98% | $68,300 | 26.01% |
Listed by: Gwen Montgomery • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436977
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
