6624 N 350 EAlexandriaIN46001
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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
Investment Highlights
Rental property for sale in Alexandria at 6624 N 350 E, Alexandria, IN, 46001 generates $900/mo in rent, after a $2,814/mo payment. Total monthly income is $900/mo. Return on cash invested sits at 3.88% in year one, and rental yield is 1.88% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 16.59% and total cumulative return in cash sums $31,379. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
10 Acres 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
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Listed by: Adam Hartley • RE/MAX Edge
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059302