602 N Harrison StAlexandriaIN46001
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Alexandria at 602 N Harrison St, Alexandria, IN, 46001 offers $1,676/mo rent that, after a $993/mo payment, leaves $458/mo cash flow. Total monthly income is $1,676/mo, and annual cash flow is $5,497/yr on $67,261 cash. Return on cash invested measures 28.08% in year one, and rental yield stands at 9.91% at a $202,900 entry. Equity gained on principal adds $1,309/yr while 5% annual appreciation compounds into $56,058 by year five. Five-year ROI records 146.48% and total cumulative return in cash reaches $98,526. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,676/mo property income versus a $993/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,098 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: Roberto Mejia • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078057