637 W 1st St, Albany, IN, 47320 | $78/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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637 W 1st St, Albany, IN, 47320 | $78/mo Cash Flow | Ziffy

For Sale

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 637 W 1st St, Albany, IN, 47320 listed at $137,900 pairs $906/mo rent with a $675/mo payment to leave $78/mo cash flow. Total monthly income runs $906/mo, and annual cash flow reaches $938/yr on $45,714 cash to close. Return on cash invested measures 21.96% in year one, and rental yield registers 7.88% at a $137,900 basis. Equity gained on principal adds $890/yr, and annual property appreciation at 5% supports $38,099 by year five. Five-year ROI tracks 113.71% and total cumulative return in cash totals $51,983. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $906/mo property income relative to a $675/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Located in the popular Delaware Community School District, this home was completely renovated just three years ago. Since this time, the owners have invested several thousand in additional improvements. These include, but are not limited to a new fence that surrounds the entire side yard, installation of a new picture window, landscaping pavers and a gazebo. The two car, detached garage is conveniently located very close to the back door of the home, is oversized, has electric installed, a new garage door and opener. The bedrooms, living room and eat in kitchen are all very spacious. While not currently finished, there is an additional 352 square feet on the second level that has been previously heated and used for living space. This charming home is located on a corner lot in the quaint town of Albany. Everything is still practically new and move in ready. Great home for a great price!

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