11506 Lakewood Dr NEAlbertvilleMN55301
Nearby investment properties with comparable rents
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 11506 Lakewood Dr NE, Albertville, MN, 55301 earns $1,383/mo cash flow from $2,179/mo rent with a $548/mo payment. Total monthly income totals $2,179/mo, and annual cash flow totals $16,599/yr on $37,095 capital. ROI tracks 64.66% on current figures, and rental yield reads 23.37% at a $111,900 purchase. Equity gained on principal adds $722/yr, and 5% annual appreciation supports $30,916 over five years. Five-year ROI reaches 344.09% and total cumulative return in cash sums $127,640. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,179/mo property income instead of your personal income.
Lot
Built in N/A
0.34 Acres lot
$N/A/sqft
$290 quarterly 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
Listed by: Sota Homes • eXp Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6583952
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