617 W Madison 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
Investment property for sale in Alexandria at 617 W Madison St, Alexandria, IN, 46001 at $144,900 posts ROI 31.16% with $450/mo cash flow from $1,320/mo rent. Total monthly income equals $1,320/mo, and annual cash flow records $5,405/yr on $48,034 to close. Return on cash invested measures 31.16% and rental yield reads 10.93% at the current $144,900. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 by year five. Five-year ROI prints 163.01% and total cumulative return in cash totals $78,301.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1899
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cory Parker • RE/MAX Real Estate Solutions
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22051877