120 E State StAlbanyIN47320
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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
Rental property for sale in Albany at 120 E State St, Albany, IN, 47320 priced at $172,000 converts $1,363/mo rent into $330/mo cash flow after a $842/mo obligation. Total monthly income equals $1,363/mo, and annual cash flow totals $3,964/yr on $57,018 invested. Return on cash invested prints 26.86% in year one, and rental yield reads 9.51% against a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation compiles into $47,520 by year five. Five-year ROI reaches 139.94% and total cumulative return in cash sums $79,789. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,363/mo property income covering a $842/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47320, Albany, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
90
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Listed by: Jerrett Flesher • Flesher Brothers Auctioneering and Real Estate Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509837
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.