Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Albany at 724 N Water St, Albany, IN, 47320 generates $1,558/mo in rent, after a $1,571/mo payment. Total monthly income is $1,558/mo. Return on cash invested sits at 15.75% in year one, and rental yield is 5.82% on a $321,000 entry. Equity gained on principal adds $2,071/yr, while 5% annual appreciation builds toward $88,686 over five years. Five-year ROI reaches 80.33% and total cumulative return in cash sums $85,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,558/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47320, Albany, IN area.
| 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 |
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
90
Date | Event | Price |
|---|---|---|
| 2025-09-03 | Sold | $321,000 |
| 2025-08-06 | Pending sale | $319,900 |
| 2025-08-01 | Listed for sale | $319,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-07 | $611.32 | -1.58% | $111,300 | 23.26% |
| 2023-10-07 | $621.16 | 7.94% | $90,300 | -0.88% |
| 2022-10-07 | $575.48 | 25.71% | $91,100 | 7.30% |
Listed by: Rebekah Hanna • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530343
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.
