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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% |
Investment property for sale in Albany at 11081 E Edgewater Rd, Albany, IN, 47320 offers a 4.55% rental yield on a $479,000 purchase with $1,818/mo rent. 92% in year one. Equity gained on principal adds $3,091/yr while 5% annual appreciation supports $132,339 over five years. Portfolio math shows five-year ROI at 59.79% and total cumulative return in cash at $94,935. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,818/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
7.10 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 |
|---|---|---|
| 2024-09-27 | Listed for sale | $479,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $3155.26 | 18.30% | $321,800 | 2.81% |
| 2022-10-14 | $2667.18 | 4.28% | $313,000 | 24.65% |
| 2021-10-14 | $2557.74 | 26.53% | $251,100 | 6.13% |
What's Special
Pull Down Stairs
Listed by: Steve Slavin • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437422
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.
