157 N 8th StAlbionIL62806
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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 Albion at 157 N 8th St, Albion, IL, 62806 priced at $120,000 converts $960/mo rent into $128/mo cash flow after a $587/mo obligation. Total monthly income equals $960/mo, and annual cash flow totals $1,536/yr on $39,780 invested. Return on cash invested prints 23.77% in year one, and rental yield reads 9.6% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 124.51% and total cumulative return in cash sums $49,531. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 2021
3 Acres 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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