116 1/2 E Church StAlexandriaIN46001
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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
Investment Highlights
Total monthly income runs $900/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 1.66% with $900/mo rent. Return on cash invested shows 3.22% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 13.07% and total cumulative return in cash records $27,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $900/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46001, Alexandria, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,069 (100%) |
| Owner Occupied HU | 3,388 (66.8%) |
| Renter Occupied HU | 1,108 (21.9%) |
| Vacant Housing Units | 573 (11.3%) |
| Median Home Value | $178,912 |
| Average Home Value | $205,941 |
Housing Distribution
Address Breakdown
Residential
4,471
Single Family
4,461
Multi-Family
10
Businesses
216
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Listed by: Reanna Southard • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061788