1310 W 1st St, Alexandria, IN, 46001 | $300/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1310 W 1st St, Alexandria, IN, 46001 | $300/mo Cash Flow | 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

Investment property for sale in Alexandria at 1310 W 1st St, Alexandria, IN, 46001 uses $56,322 cash to close to unlock $3,596/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $1,320/mo, and a $832/mo payment keeps the spread at $300/mo. Purchase price stands at $169,900, and rental yield measures 9.32% with $1,320/mo rent. Return on cash invested shows 26.29% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 136.87% and total cumulative return in cash records $77,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,320/mo property income covering a $832/mo payment rather than investor’s personal income.

Single Family

Built in 1899

0.56 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming property nestled on a .56-acre tree-filled lot, offering endless possibilities inside and out! The yard is a nature lover's dream, with 6 Green Giant pines, 2 graceful Weeping Willows, 2 mini pines, vibrant rose bushes throughout, 2 Norway Blue Spruce, 1 Norway Spruce (perfect as your own Christmas tree), a Magnolia, Eastern Redbud, Weeping Cherry, Peach tree, 2 Pear trees, a Red Maple, and several Silver Maples-truly a breathtaking landscape. The home itself provides over 1,600 sq. ft. on the main level, with a spacious Kitchen that opens to both the large Living Room and a versatile Family Room with convenient Half Bath. The main floor also includes a huge Primary Bedroom with Walk-In Closet and sliding patio doors to the covered back porch oasis that overlooks the amazing backyard, perfect for relaxing, entertaining, or simply enjoying your private retreat. Also on main level, a second Bedroom, and two Bonus Rooms (without closets) that could easily serve as additional Bedrooms, Office, or Hobby Spaces. A spacious Full Bathroom with Laundry Area and a corner tub/shower completes the main level. Upstairs, you'll find over 200 sq. ft. of living space, including a 3rd Bedroom with closet and an additional Bonus Room. With its flexible floor plan and room to make it your own, this home is full of potential and ready for its next chapter!

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