11023 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 11023 57th St NE, Albertville, MN, 55301 uses $82,875 cash to close to unlock $24,390/yr annual cash flow and $2,033/mo monthly cash flow. Total monthly income runs $3,594/mo, and a $1,224/mo payment keeps the spread at $2,033/mo. Purchase price stands at $250,000, and rental yield measures 17.25% with $3,594/mo rent. Return on cash invested shows 49.34% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 260.76% and total cumulative return in cash records $216,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,594/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Townhouse
Built in 1999
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: Cindy J Liska • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6726670