211 E Jefferson 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
Investment property for sale in Albion at 211 E Jefferson St, Albion, IN, 46701 uses $59,637 cash to close to unlock $4,579/yr annual cash flow and $382/mo monthly cash flow. Total monthly income runs $1,462/mo, and a $881/mo payment keeps the spread at $382/mo. Purchase price stands at $179,900, and rental yield measures 9.75% with $1,462/mo rent. Return on cash invested shows 27.59% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 143.81% and total cumulative return in cash records $85,761. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,462/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1930
4,356 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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Listed by: Tamara Braun • Estate Advisors LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202443603
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.