1842 Greenwood DrAlbert 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 1842 Greenwood Dr, Albert Lea, MN, 56007 at $269,900 posts ROI 17.97% with from $1,741/mo rent. Total monthly income equals $1,741/mo. Return on cash invested measures 17.97% and rental yield reads 7.74% at the current $269,900. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 by year five. Five-year ROI prints 93.52% and total cumulative return in cash totals $83,670. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,741/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1994
0.17 sqft lot
$N/A/sqft
$200 monthly 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: Craig Hoium • Century 21 Atwood
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6585769
Disclaimer: Based on information submitted to the MLS GRID as of 2024-11-19 07:01:27 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)