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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Albany at 301 W 1st St, Albany, IN, 47320 offers a 8.98% rental yield on a $249,900 purchase with $1,870/mo rent. Total monthly income registers $1,870/mo, and a $1,223/mo payment leaves $370/mo available for distribution. Annual cash flow reaches $4,440/yr on $82,842 to close, and return on cash invested stands at 25.27% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 131.39% and total cumulative return in cash at $108,842. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,870/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47320, Albany, IN area.
| 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 |
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
90
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-04 | $1199.14 | 2.19% | $176,500 | N/A |
| 2023-04-04 | $1173.44 | 2.05% | $176,500 | -1.01% |
| 2022-04-04 | $1149.88 | 2.68% | $178,300 | 8.79% |
Listed by: Larry Phillips • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511087
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.
