105 Ross Gdn NWAlexandriaMN56308
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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 Alexandria at 105 Ross Gdn NW, Alexandria, MN, 56308 offers $1,622/mo rent that, after a $1,040/mo payment, leaves $295/mo cash flow. Total monthly income is $1,622/mo, and annual cash flow is $3,542/yr on $70,444 cash. Return on cash invested measures 24.94% in year one, and rental yield stands at 9.16% at a $212,500 entry. Equity gained on principal adds $1,371/yr while 5% annual appreciation compounds into $58,710 by year five. Five-year ROI records 129.94% and total cumulative return in cash reaches $91,532. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,622/mo property income versus a $1,040/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56308, Alexandria, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,200 (100%) |
| Owner Occupied HU | 8,370 (55.1%) |
| Renter Occupied HU | 3,626 (23.9%) |
| Vacant Housing Units | 3,204 (21.1%) |
| Median Home Value | $381,523 |
| Average Home Value | $429,357 |
Housing Distribution
Address Breakdown
Residential
13,430
Single Family
10,722
Multi-Family
2,708
Businesses
1,290
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Listed by: Casey Olson • Real Estate by Jo, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6817678