1510 Plainview LnAlbert LeaMN56007
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 Albert Lea at 1510 Plainview Ln, Albert Lea, MN, 56007 earns $508/mo cash flow from $1,943/mo rent with a $1,125/mo payment. Total monthly income totals $1,943/mo, and annual cash flow totals $6,092/yr on $76,212 capital. ROI tracks 27.9% on current figures, and rental yield reads 10.14% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 145.79% and total cumulative return in cash sums $111,107. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,943/mo property income instead of your personal income.
Single Family
Built in 2312
9,375 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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Nearby investment properties with comparable prices
Listed by: Alexander Phippen • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7037786
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-06-15 10:24:46 PDT