1961 S 7th StAlbionIN46701
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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 1961 S 7th St, Albion, IN, 46701 generates $1,304/mo in rent, after a $1,277/mo payment. Total monthly income is $1,304/mo. Return on cash invested sits at 16.27% in year one, and rental yield is 6% on a $261,000 entry. Equity gained on principal adds $1,684/yr, while 5% annual appreciation builds toward $72,109 over five years. Five-year ROI reaches 83.1% and total cumulative return in cash sums $71,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,304/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
8,712 sqft 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 |
Housing Distribution
Address Breakdown
Residential
3,146
Single Family
3,146
Multi-Family
0
Businesses
188
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