126 2nd Ave WAldenMN56009
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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
Investment property for sale in Alden at 126 2nd Ave W, Alden, MN, 56009 uses $35,404 cash to close to unlock $17,218/yr annual cash flow and $1,435/mo monthly cash flow. Total monthly income runs $2,102/mo, and a $523/mo payment keeps the spread at $1,435/mo. Purchase price stands at $106,800, and rental yield measures 23.62% with $2,102/mo rent. Return on cash invested shows 68.54% in year one, and 5% annual appreciation builds toward $29,507 over five years. Five-year ROI reaches 363.76% and total cumulative return in cash records $128,787. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,102/mo property income covering a $523/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56009, Alden, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 659 (100%) |
| Owner Occupied HU | 513 (77.8%) |
| Renter Occupied HU | 84 (12.7%) |
| Vacant Housing Units | 62 ( 9.4%) |
| Median Home Value | $231,494 |
| Average Home Value | $306,165 |
Housing Distribution
Address Breakdown
Residential
634
Single Family
634
Multi-Family
0
Businesses
27
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