936 W Vine St, Albany, IN, 47320 | $685/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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936 W Vine St, Albany, IN, 47320 | $685/mo Cash Flow | Ziffy

Pending

Fix & Flip

Motivated Seller

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Investment property for sale in Albany at 936 W Vine St, Albany, IN, 47320 offers a 11.77% rental yield on a $179,900 purchase with $1,765/mo rent. Total monthly income registers $1,765/mo, and a $881/mo payment leaves $685/mo available for distribution. Annual cash flow reaches $8,215/yr on $59,637 to close, and return on cash invested stands at 33.68% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 176.5% and total cumulative return in cash at $105,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,765/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1952

0.64 Acres lot

$N/A/sqft

No HOA

More details about the property

This great location in Albany sitting on double lot .63 acres in Delta schools is a rare find and a must see! 3 BR 1.5 BA would be a great family home! This home features a spacious Living area with beautiful fireplace that is great for entertaining, formal dining room (currently used as a bedroom), and utility/mud room with lots of storage. Outside you will love the stone exterior, the privacy fenced large backyard, playing basketball on the large asphalt drive in the front. The attached 1.5 car garage that could be turned back into a 2-car garage as it has a 14x10 bonus room framed in for a possible 4th bedroom. Enjoy living within walking distance to Groceries, Ice Cream, Parks, School and Splash pad. USDA financing available for qualified buyers. Motivated seller so it's Priced to sell quickly!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47320, Albany, IN area.

Housing Distribution

Housing Statistics

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