504 W Washington StAlexandriaIN46001
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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 Alexandria at 504 W Washington St, Alexandria, IN, 46001 uses $38,123 cash to close to unlock $2,478/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $897/mo, and a $563/mo payment keeps the spread at $207/mo. Purchase price stands at $115,000, and rental yield measures 9.36% with $897/mo rent. Return on cash invested shows 26.41% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 137.52% and total cumulative return in cash records $52,425. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $897/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46001, Alexandria, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,069 (100%) |
| Owner Occupied HU | 3,388 (66.8%) |
| Renter Occupied HU | 1,108 (21.9%) |
| Vacant Housing Units | 573 (11.3%) |
| Median Home Value | $178,912 |
| Average Home Value | $205,941 |
Housing Distribution
Address Breakdown
Residential
4,471
Single Family
4,461
Multi-Family
10
Businesses
216
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Listed by: Rachel Young • Dyer Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067724