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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Albany at 200 N Delaware St, Albany, IN, 47320 listed at $114,900 pairs $1,140/mo rent with a $562/mo payment to leave $451/mo cash flow. Total monthly income runs $1,140/mo, and annual cash flow reaches $5,408/yr on $38,089 cash to close. Return on cash invested measures 34.11% in year one, and rental yield registers 11.91% at a $114,900 basis. Equity gained on principal adds $741/yr, and annual property appreciation at 5% supports $31,745 by year five. Five-year ROI tracks 178.76% and total cumulative return in cash totals $68,090. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,140/mo property income relative to a $562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1934
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47320, Albany, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,805 (100%) |
| Owner Occupied HU | 1,321 (73.2%) |
| Renter Occupied HU | 334 (18.5%) |
| Vacant Housing Units | 150 ( 8.3%) |
| Median Home Value | $193,394 |
| Average Home Value | $216,785 |
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
90
Date | Event | Price |
|---|---|---|
| 2024-10-14 | Listed for sale | $114,900 |
| 2024-09-30 | Pending sale | $114,900 |
| 2024-09-18 | Price change | $114,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $729.26 | 383.02% | $36,100 | -0.82% |
| 2022-10-14 | $150.98 | -1.80% | $36,400 | 7.06% |
| 2021-10-14 | $153.74 | 2.95% | $34,000 | N/A |
Listed by: Nate Jennings • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433760
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
