404 S Polk StAlbanyMO64402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Albany at 404 S Polk St, Albany, MO, 64402 priced at $124,900 converts $1,045/mo rent into $267/mo cash flow after a $611/mo obligation. Total monthly income equals $1,045/mo, and annual cash flow totals $3,210/yr on $41,404 invested. Return on cash invested prints 27.66% in year one, and rental yield reads 10.04% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 144.53% and total cumulative return in cash sums $59,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,045/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64402, Albany, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,095 (100%) |
| Owner Occupied HU | 707 (64.6%) |
| Renter Occupied HU | 262 (23.9%) |
| Vacant Housing Units | 126 (11.5%) |
| Median Home Value | $126,223 |
| Average Home Value | $162,023 |
Housing Distribution
Address Breakdown
Residential
1,019
Single Family
1,009
Multi-Family
10
Businesses
134
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices