712 E South StAlbionIN46701
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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 Albion at 712 E South St, Albion, IN, 46701 priced at $125,000 converts $1,241/mo rent into $458/mo cash flow after a $612/mo obligation. Total monthly income equals $1,241/mo, and annual cash flow totals $5,493/yr on $41,438 invested. Return on cash invested prints 33.17% in year one, and rental yield reads 11.91% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 174.03% and total cumulative return in cash sums $72,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,241/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1952
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46701, Albion, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,146
Single Family
3,146
Multi-Family
0
Businesses
188
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Listed by: Raylene Webb • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202506207
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.