305 E Highland StAlbionIN46701
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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 305 E Highland St, Albion, IN, 46701 with 5% annual appreciation on a $103,500 basis while $817/mo rent supports operations. Total monthly income totals $817/mo and a $507/mo payment preserves $195/mo for cash returns. Annual cash flow comes to $2,343/yr on $34,310 deployed, and return on cash invested reaches 26.74% in year one. Equity gained on principal adds $668/yr, and five-year appreciation sums $28,595 alongside rental yield of 9.47%. Five-year ROI measures 139.37% and total cumulative return in cash totals $47,819.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $817/mo property income versus a $507/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1850
9,583 sqft lot
$N/A/sqft
No 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: Kurt J Ness • Ness Bros. Realtors & Auctioneers
Mls Name: IRMLS
Mls Provider:
Mls ID: #202538131
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.