621 W State St, Albany, IN, 47320 | $316/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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621 W State St, Albany, IN, 47320 | $316/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Albany at 621 W State St, Albany, IN, 47320 uses $39,449 cash to close to unlock $3,793/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $1,030/mo, and a $582/mo payment keeps the spread at $316/mo. Purchase price stands at $119,000, and rental yield measures 10.39% with $1,030/mo rent. Return on cash invested shows 29.52% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 154.27% and total cumulative return in cash records $60,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,030/mo property income covering a $582/mo payment rather than investor’s personal income.

Single Family

Built in 1890

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 3-bedroom, 1-bathroom, 1.5-story home in the heart of Albany, IN! Perfectly located right across the street from Albany Elementary School and within the desirable Delaware Community Schools District, this home offers both convenience and comfort. Step inside to a spacious dining room and living room, ideal for gatherings or relaxing evenings. The two upstairs bedrooms feature beautiful solid hardwood floors, adding warmth and character. Outside, youll appreciate the large chain-link fenced yardperfect for petsas well as two detached garages with concrete floors, providing ample storage or workshop space along with space to park your vehicles. Recent updates include a newer AC unit (3 years old), newer furnace (3 years old), and two new exterior doors for added efficiency and peace of mind. Dont miss this great opportunity to own a well-maintained home in a fantastic location!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47320, Albany, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,805 (100%)
Owner Occupied HU	1,321 (73.2%)
Renter Occupied HU	334 (18.5%)
Vacant Housing Units	150 ( 8.3%)
Median Home Value	$193,394
Average Home Value	$216,785