744 S 50 WAlbionIN46701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Albion at 744 S 50 W, Albion, IN, 46701 uses $58,013 cash to close to unlock $420/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $1,086/mo, and a $857/mo payment keeps the spread at $35/mo. Purchase price stands at $175,000, and rental yield measures 7.45% with $1,086/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 106.56% and total cumulative return in cash records $61,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,086/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1994
3.45 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josh Rosenogle • Orizon Real Estate, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202540247
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.