180 W 500 N, Albion, IN, 46701 | 6.15% Rental Yield

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

Total monthly income runs $2,044/mo, and a $1,952/mo payment. Purchase price stands at $398,900, and rental yield measures 6.15% with $2,044/mo rent. Return on cash invested shows 16.73% in year one, and 5% annual appreciation builds toward $110,209 over five years. Five-year ROI reaches 85.56% and total cumulative return in cash records $113,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,044/mo property income covering a $1,952/mo payment rather than investor’s personal income.

Single Family

Built in 1988

3.88 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 46701, Albion, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,426 (100%)
Owner Occupied HU	2,442 (71.3%)
Renter Occupied HU	619 (18.1%)
Vacant Housing Units	365 (10.7%)
Median Home Value	$253,894
Average Home Value	$306,236