1304 Crestview RdAlbert LeaMN56007
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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 Albert Lea at 1304 Crestview Rd, Albert Lea, MN, 56007 generates $1,410/mo in rent and, after a $903/mo payment, leaves $258/mo in cash flow. Total monthly income is $1,410/mo, and annual cash flow is $3,095/yr on $61,162 invested. Return on cash invested sits at 24.97% in year one, and rental yield is 9.17% on a $184,500 entry. Equity gained on principal adds $1,191/yr, while 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 130.02% and total cumulative return in cash sums $79,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,410/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56007, Albert Lea, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,809 (100%) |
| Owner Occupied HU | 6,318 (64.4%) |
| Renter Occupied HU | 2,698 (27.5%) |
| Vacant Housing Units | 793 ( 8.1%) |
| Median Home Value | $183,496 |
| Average Home Value | $231,635 |
Housing Distribution
Address Breakdown
Residential
9,333
Single Family
8,163
Multi-Family
1,170
Businesses
806
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Listed by: Laura Cunningham • Century 21 Atwood
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6775047