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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Albion at 701 E South St, Albion, IN, 46701 uses $86,157 cash to close to unlock $2,243/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,747/mo, and a $1,272/mo payment keeps the spread at $187/mo. Purchase price stands at $259,900, and rental yield measures 8.07% with $1,747/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 116.55% and total cumulative return in cash records $100,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,747/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1925
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46701, Albion, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,426 (100%) |
| Owner Occupied HU | 2,442 (71.3%) |
| Renter Occupied HU | 619 (18.1%) |
| Vacant Housing Units | 365 (10.7%) |
| Median Home Value | $253,894 |
| Average Home Value | $306,236 |
Residential
3,146
Single Family
3,146
Multi-Family
0
Businesses
188
Date | Event | Price |
|---|---|---|
| 2024-10-23 | Listed for sale | $259,900 |
| 2024-02-29 | Sold | $88,500 |
| 2024-02-28 | Pending sale | $88,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $951.72 | 11.70% | $141,100 | 7.71% |
| 2022-11-20 | $852.00 | 15.53% | $131,000 | 8.18% |
| 2021-11-20 | $737.48 | 12.09% | $121,100 | 11.72% |
Listed by: Lucas Deck • Century 21 Bradley-Kendallville
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440997
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
