804 Scott 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 804 Scott St, Albion, IN, 46701 generates $2,027/mo in rent and, after a $1,294/mo payment, leaves $440/mo in cash flow. Total monthly income is $2,027/mo, and annual cash flow is $5,279/yr on $87,649 invested. Return on cash invested sits at 25.93% in year one, and rental yield is 9.2% on a $264,400 entry. Equity gained on principal adds $1,706/yr, while 5% annual appreciation builds toward $73,049 over five years. Five-year ROI reaches 134.88% and total cumulative return in cash sums $118,219. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,027/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A 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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