215 S Albany StWolcottvilleIN46795
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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 Wolcottville at 215 S Albany St, Wolcottville, IN, 46795 priced at $179,000 converts $1,756/mo rent into $682/mo cash flow after a $876/mo obligation. Total monthly income equals $1,756/mo, and annual cash flow totals $8,179/yr on $59,339 invested. Return on cash invested prints 33.69% in year one, and rental yield reads 11.77% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 176.53% and total cumulative return in cash sums $104,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,756/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1880
2,831 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46795, Wolcottville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,704 (100%) |
| Owner Occupied HU | 2,221 (60.0%) |
| Renter Occupied HU | 321 ( 8.7%) |
| Vacant Housing Units | 1,162 (31.4%) |
| Median Home Value | $340,772 |
| Average Home Value | $426,127 |
Housing Distribution
Address Breakdown
Residential
2,546
Single Family
2,546
Multi-Family
0
Businesses
75
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Listed by: Virgen Morales • Lewis & Lambright Inc
Mls Name: IRMLS
Mls ID: #202548295