475 Gillcrest Dr, Albany, IN, 47320 | 7.17% Rental Yield

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475 Gillcrest Dr, Albany, IN, 47320 | 7.17% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Albany at 475 Gillcrest Dr, Albany, IN, 47320 priced at $259,900 pairs $1,552/mo rent with after a $1,272/mo payment. Total monthly income equals $1,552/mo. Return on cash invested is 19.8% in year one, and rental yield stands at 7.17% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 101.99% and total cumulative return in cash reaches $87,874. For financing, Ziffy Mortgage’s DSCR program evaluates $1,552/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1977

0.43 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this move-in ready home in small-town Albany, Indiana! This charming property offers 1,680 sqft of welcoming space, including 3 cozy bedrooms and 1.5 bathrooms. As you enter, the living room feels warm and inviting with its fireplace and wood-burning stove, perfect for chilly evenings. Adjacent to the living room is a family room. Youll love the updated kitchen, complete with solid surface countertops, a tiled backsplash, and a convenient breakfast bar. Quality craftsmanship is evident throughout, with solid wood doors and oak trim mouldings adding warmth and durability. The main bathroom is designed for convenience, offering double vanity sinks along with an easily accessible laundry area. Relax outdoors on the covered front porch, or step through the kitchen's slider doors to enjoy gatherings on the large wooden deck. Adjacent to the deck, a paver patio provides extra space for outdoor enjoyment. A sunroom/breezeway connects directly to the spacious 2.5-car attached garage, offering ample space for storage and vehicles. Outside, you'll appreciate the well-maintained lawn, attractive landscaping, and picturesque views from the backyard. Key systems of this home include a gas forced air furnace, central air conditioning, a water softener system, and the bonus of a Generac natural gas generator that will stay with the home. Attic has been encapsulated and features upgraded metal attic access stairs. Located in the Albany Elementary and Delta School District. Check out the Matterport 3D Tour.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47320, Albany, IN area.

Housing Distribution

Housing Statistics

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