7020 East Cres #581-NAlbanyIN47320
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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
Investment property for sale in Albany at 7020 East Cres #581-N, Albany, IN, 47320 listed at $680,000 pairs $3,208/mo rent with a $3,328/mo payment. Total monthly income runs $3,208/mo. Return on cash invested measures 15.37% in year one, and rental yield registers 5.66% at a $680,000 basis. Equity gained on principal adds $4,388/yr, and annual property appreciation at 5% supports $187,871 by year five. Five-year ROI tracks 78.25% and total cumulative return in cash totals $175,056. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,208/mo property income relative to a $3,328/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
5 Acres 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
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