220 N Cleo StAlbanyIN47320
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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 Albany at 220 N Cleo St, Albany, IN, 47320 generates $831/mo in rent and, after a $538/mo payment, leaves $171/mo in cash flow. Total monthly income is $831/mo, and annual cash flow is $2,053/yr on $36,465 invested. Return on cash invested sits at 25.54% in year one, and rental yield is 9.07% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 132.92% and total cumulative return in cash sums $48,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $831/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
7,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47320, Albany, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
90
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