507 S Church StAlbanyIL61230
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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 Albany at 507 S Church St, Albany, IL, 61230 uses $56,322 cash to close to unlock $3,409/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,463/mo, and a $832/mo payment keeps the spread at $284/mo. Purchase price stands at $169,900, and rental yield measures 10.33% with $1,463/mo rent. Return on cash invested shows 25.96% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 136.36% and total cumulative return in cash records $76,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,463/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61230, Albany, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 552 (100%) |
| Owner Occupied HU | 427 (77.4%) |
| Renter Occupied HU | 57 (10.3%) |
| Vacant Housing Units | 68 (12.3%) |
| Median Home Value | $172,115 |
| Average Home Value | $188,478 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
403
Multi-Family
0
Businesses
25
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