301 N Bluff StAlbanyIL61230
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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 Albany at 301 N Bluff St, Albany, IL, 61230 uses $43,095 cash to close to unlock $4,579/yr annual cash flow and $382/mo monthly cash flow. Total monthly income runs $1,283/mo, and a $636/mo payment keeps the spread at $382/mo. Purchase price stands at $130,000, and rental yield measures 11.84% with $1,283/mo rent. Return on cash invested shows 30.53% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 160.81% and total cumulative return in cash records $69,303. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,283/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61230, Albany, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 552 (100%) |
| Owner Occupied HU | 427 (77.4%) |
| Renter Occupied HU | 57 (10.3%) |
| Vacant Housing Units | 68 (12.3%) |
| Median Home Value | $172,115 |
| Average Home Value | $188,478 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
403
Multi-Family
0
Businesses
25
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Listed by: Marina Baer • Ruhl&Ruhl REALTORS Clinton
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4254222
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.