1644 S Albert WayTerre HauteIN47803
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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 Terre Haute at 1644 S Albert Way, Terre Haute, IN, 47803 offers $2,312/mo rent that, after a $1,392/mo payment, leaves $605/mo cash flow. Total monthly income is $2,312/mo, and annual cash flow is $7,256/yr on $94,312 cash. Return on cash invested measures 27.6% in year one, and rental yield stands at 9.75% at a $284,500 entry. Equity gained on principal adds $1,836/yr while 5% annual appreciation compounds into $78,602 by year five. Five-year ROI records 143.86% and total cumulative return in cash reaches $135,677. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,312/mo property income versus a $1,392/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47803, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,146 (100%) |
| Owner Occupied HU | 6,317 (62.3%) |
| Renter Occupied HU | 3,037 (29.9%) |
| Vacant Housing Units | 792 ( 7.8%) |
| Median Home Value | $165,552 |
| Average Home Value | $212,735 |
Housing Distribution
Address Breakdown
Residential
9,900
Single Family
9,709
Multi-Family
191
Businesses
605
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Listed by: Andrea Hoopingarner • HOOSIER HOMES AND LAND
Mls Name: THAAR
Mls Provider:
Mls ID: #104669
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Terre Haute Area Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Terre Haute Area Association of Realtors. All Rights Reserved. Last Updated: 2024-10-15 07:40:29 PDT