813 S 300th Rd 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 813 S 300th Rd W, Albion, IN, 46701 earns from $930/mo rent with a $1,727/mo payment. Total monthly income totals $930/mo. ROI tracks 7.72% on current figures, and rental yield reads 3.16% at a $352,900 purchase. Equity gained on principal adds $2,277/yr, and 5% annual appreciation supports $97,500 over five years. Five-year ROI reaches 37.24% and total cumulative return in cash sums $43,560. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $930/mo property income instead of your personal income.
Single Family
Built in 1888
6.25 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: Brooke Richards • Weichert Realtors - Hoosier Heartland
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527164
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.