304 9th Ave NAlbanyIL61230
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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 304 9th Ave N, Albany, IL, 61230 listed at $159,900 pairs $1,372/mo rent with a $783/mo payment to leave $263/mo cash flow. Total monthly income runs $1,372/mo, and annual cash flow reaches $3,150/yr on $53,007 cash to close. Return on cash invested measures 25.85% in year one, and rental yield registers 10.3% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 135.73% and total cumulative return in cash totals $71,946. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,372/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.32 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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