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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 1372 E Pittenger Ct, Albany, IN, 47320 offers $2,016/mo rent that, after a $1,150/mo payment, leaves $606/mo cash flow. Total monthly income is $2,016/mo, and annual cash flow is $7,268/yr on $77,869 cash. Return on cash invested measures 29.24% in year one, and rental yield stands at 10.3% at a $234,900 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,899 by year five. Five-year ROI records 152.67% and total cumulative return in cash reaches $118,881. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,016/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A 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 |
|---|---|---|
| 2025-04-25 | Listed for sale | $234,900 |
| 2013-08-28 | Sold | $92,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-27 | $1674.98 | 5.48% | $165,900 | -0.96% |
| 2023-04-27 | $1587.98 | 10.89% | $167,500 | 5.48% |
| 2022-04-27 | $1432.02 | 10.50% | $158,800 | 10.89% |
What's Special
Pull Down Stairs,Storage
Listed by: Sean Burcham • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514535
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.
