144 W Main StAlbionIL62806
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Nearby investment properties with comparable prices
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
Investment property for sale in Albion at 144 W Main St, Albion, IL, 62806 offers a 24.34% rental yield on a $119,000 purchase with $2,414/mo rent. Total monthly income registers $2,414/mo, and a $582/mo payment leaves $1,589/mo available for distribution. Annual cash flow reaches $19,068/yr on $39,449 to close, and return on cash invested stands at 68.25% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 363.13% and total cumulative return in cash at $143,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,414/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
7,893 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62806, Albion, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,484 (100%) |
| Owner Occupied HU | 1,010 (68.1%) |
| Renter Occupied HU | 299 (20.1%) |
| Vacant Housing Units | 175 (11.8%) |
| Median Home Value | $114,286 |
| Average Home Value | $158,649 |
Housing Distribution
Address Breakdown
Residential
1,412
Single Family
1,401
Multi-Family
11
Businesses
124
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