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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% |
Rental property for sale in Albany at 469 N Foster Ave, Albany, IN, 47320 priced at $150,000 converts $1,005/mo rent into $105/mo cash flow after a $734/mo obligation. Total monthly income equals $1,005/mo, and annual cash flow totals $1,257/yr on $49,725 invested. Return on cash invested prints 22.44% in year one, and rental yield reads 8.04% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 116.16% and total cumulative return in cash sums $57,762. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,005/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1983
10,454 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 |
|---|---|---|
| 2025-04-17 | Listed for sale | $150,000 |
| 2023-07-03 | Listing removed | $55,000 |
| 2023-06-30 | Listed for sale | $55,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-18 | $430.32 | 18.60% | $69,700 | -4.91% |
| 2023-04-18 | $362.84 | 14.71% | $73,300 | 3.09% |
| 2022-04-18 | $316.32 | 14.24% | $71,100 | 20.51% |
Listed by: Annette Caldwell • RE/MAX at the Crossing.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513168
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.
