649 W State StAlbanyIN47320
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 649 W State St, Albany, IN, 47320 in Albany earns a 10.37% gross yield at $160,000. Rent of $1,382/mo nets $422/mo after the $719/mo mortgage. The 1.92 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $44,205 and $1,474/yr in equity accumulation project a total cumulative return of $87,700.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 9.0% |
| Monthly Cash Flow | $422 | $250 |
City averages based on Albany market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,382 |
| Total Monthly Debt Service | $897 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1890
6,891 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
90
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
Single Family
Built in 1890
6,891 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
90
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices