916 County Road 490 EAlbionIL62806
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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
Investment property for sale in Albion at 916 County Road 490 E, Albion, IL, 62806 uses $53,040 cash to close to unlock $2,308/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $1,302/mo, and a $783/mo payment keeps the spread at $192/mo. Purchase price stands at $160,000, and rental yield measures 9.77% with $1,302/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 127.24% and total cumulative return in cash records $67,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,302/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62806, Albion, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,484 (100%) |
| Owner Occupied HU | 1,010 (68.1%) |
| Renter Occupied HU | 299 (20.1%) |
| Vacant Housing Units | 175 (11.8%) |
| Median Home Value | $114,286 |
| Average Home Value | $158,649 |
Housing Distribution
Address Breakdown
Residential
1,412
Single Family
1,401
Multi-Family
11
Businesses
124
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