2630 E Skinner Lake Dr NAlbionIN46701
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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 2630 E Skinner Lake Dr N, Albion, IN, 46701 at $300,000 posts ROI 12.84% with from $1,217/mo rent. Total monthly income equals $1,217/mo. Return on cash invested measures 12.84% and rental yield reads 4.87% at the current $300,000. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 by year five. Five-year ROI prints 64.75% and total cumulative return in cash totals $64,392. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,217/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2000
9,583 sqft lot
$N/A/sqft
$25 annually 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: Heather A Sanders • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512092
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.