631 W Walnut StAlbionNE68620
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 Albion at 631 W Walnut St, Albion, NE, 68620 priced at $229,000 converts $2,028/mo rent into $481/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,028/mo, and annual cash flow totals $5,777/yr on $75,914 invested. Return on cash invested prints 27.52% in year one, and rental yield reads 10.63% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 144.41% and total cumulative return in cash sums $109,625. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,028/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1900
9,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68620, Albion, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 891 (65.2%) |
| Renter Occupied HU | 326 (23.9%) |
| Vacant Housing Units | 149 (10.9%) |
| Median Home Value | $229,785 |
| Average Home Value | $263,157 |
Housing Distribution
Address Breakdown
Residential
1,269
Single Family
1,215
Multi-Family
54
Businesses
163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices