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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 Albion at 512 E South St, Albion, IN, 46701 offers $1,507/mo rent that, after a $1,028/mo payment, leaves $246/mo cash flow. Total monthly income is $1,507/mo, and annual cash flow is $2,955/yr on $69,615 cash. Return on cash invested measures 24.15% in year one, and rental yield stands at 8.61% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 125.41% and total cumulative return in cash reaches $87,304. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,507/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
9,583 sqft 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 |
|---|---|---|
| 2024-11-09 | Price change | $210,000 |
| 2024-10-28 | Price change | $215,000 |
| 2024-09-03 | Price change | $229,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $1430.84 | -18.05% | $177,900 | 6.15% |
| 2022-11-20 | $1745.92 | 5.45% | $167,600 | 92.20% |
| 2021-11-20 | $1655.70 | -59.63% | $87,200 | 5.57% |
Listed by: Tyler Dohner • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202441273
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.
