1004 Alexander CtMontroseMN55363
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 Montrose at 1004 Alexander Ct, Montrose, MN, 55363 offers a 8.43% rental yield on a $270,000 purchase with $1,897/mo rent. Total monthly income registers $1,897/mo, and a $1,322/mo payment leaves $41/mo available for distribution. Annual cash flow reaches $494/yr on $89,505 to close, and return on cash invested stands at 20.46% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 106.73% and total cumulative return in cash at $95,533. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,897/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2017
4,791 sqft lot
$N/A/sqft
$163 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55363, Montrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,941 (100%) |
| Owner Occupied HU | 1,608 (82.8%) |
| Renter Occupied HU | 265 (13.7%) |
| Vacant Housing Units | 68 ( 3.5%) |
| Median Home Value | $362,338 |
| Average Home Value | $403,206 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,738
Multi-Family
205
Businesses
54
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Nearby investment properties with comparable prices
Listed by: Isaac Quinton Banken • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6728091
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