11003 57th St NEAlbertvilleMN55301
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 Albertville at 11003 57th St NE, Albertville, MN, 55301 uses $79,560 cash to close to unlock $7,584/yr annual cash flow and $632/mo monthly cash flow. Total monthly income runs $2,131/mo, and a $1,175/mo payment keeps the spread at $632/mo. Purchase price stands at $240,000, and rental yield measures 10.66% with $2,131/mo rent. Return on cash invested shows 29.44% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 154.03% and total cumulative return in cash records $122,546. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,131/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Townhouse
Built in 1997
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55301, Albertville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,117 (100%) |
| Owner Occupied HU | 4,068 (79.5%) |
| Renter Occupied HU | 797 (15.6%) |
| Vacant Housing Units | 252 ( 4.9%) |
| Median Home Value | $358,720 |
| Average Home Value | $371,713 |
Housing Distribution
Address Breakdown
Residential
4,772
Single Family
4,492
Multi-Family
280
Businesses
315
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terry L DuMont • Desired Homes Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6806267