1406 Albers PathFaribaultMN55021
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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 Faribault at 1406 Albers Path, Faribault, MN, 55021 uses $99,119 cash to close to unlock $12,520/yr annual cash flow and $1,043/mo monthly cash flow. Total monthly income runs $2,910/mo, and a $1,463/mo payment keeps the spread at $1,043/mo. Purchase price stands at $299,000, and rental yield measures 11.68% with $2,910/mo rent. Return on cash invested shows 32.54% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 170.67% and total cumulative return in cash records $169,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,910/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55021, Faribault, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,145 (100%) |
| Owner Occupied HU | 7,913 (65.2%) |
| Renter Occupied HU | 3,251 (26.8%) |
| Vacant Housing Units | 981 ( 8.1%) |
| Median Home Value | $336,085 |
| Average Home Value | $370,419 |
Housing Distribution
Address Breakdown
Residential
11,925
Single Family
9,851
Multi-Family
2,074
Businesses
825
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