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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 Albion at 422 W Us Highway 6, Albion, IN, 46701 uses $96,102 cash to close to unlock $80/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $1,747/mo, and a $1,419/mo payment keeps the spread at $7/mo. Purchase price stands at $289,900, and rental yield measures 7.23% with $1,747/mo rent. Return on cash invested shows 19.99% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 103.05% and total cumulative return in cash records $99,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,747/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1965
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46701, Albion, IN area.
| 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 |
Residential
3,146
Single Family
3,146
Multi-Family
0
Businesses
188
Date | Event | Price |
|---|---|---|
| 2020-11-02 | Sold | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-10 | $1112.96 | 2.74% | $191,000 | 6.53% |
| 2023-07-10 | $1083.24 | 3.53% | $179,300 | 4.00% |
| 2022-07-10 | $1046.32 | 512.46% | $172,400 | 7.15% |
What's Special
Storage
Listed by: Daniel R Orlando • Mike Thomas Associates
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526537
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.
