250 E State Road 28, Alexandria, IN, 46001 | 7.13% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Alexandria at 250 E State Road 28, Alexandria, IN, 46001 listed at $245,000 pairs $1,456/mo rent with a $1,199/mo payment. Total monthly income runs $1,456/mo. Return on cash invested measures 19.69% in year one, and rental yield registers 7.13% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 101.48% and total cumulative return in cash totals $82,416. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,456/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1955

0.94 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful well built home move in ready. New metal roof & gutters 2025. Beautiful wood fireplace. New laminate flooring 2024. Hot water heater & water softener 2023. Ceiling cable heat & central air. Well insulated. New window glass professionally installed. Nice big lot with 2 out buildings one with power & AC. Large attached garage will fit full size truck & car.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46001, Alexandria, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,069 (100%)
Owner Occupied HU	3,388 (66.8%)
Renter Occupied HU	1,108 (21.9%)
Vacant Housing Units	573 (11.3%)
Median Home Value	$178,912
Average Home Value	$205,941