2008 Lakepark AveAlexandriaMN56308
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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 Alexandria at 2008 Lakepark Ave, Alexandria, MN, 56308 offers a 7.67% rental yield on a $322,800 purchase with $2,064/mo rent. Total monthly income registers $2,064/mo, and a $1,580/mo payment leaves $48/mo available for distribution. Annual cash flow reaches $579/yr on $107,008 to close, and return on cash invested stands at 20.45% in year one. Equity gained on principal adds $2,083/yr while 5% annual appreciation supports $89,184 over five years. Portfolio math shows five-year ROI at 105.83% and total cumulative return in cash at $113,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,064/mo property income against a $1,580/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56308, Alexandria, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,200 (100%) |
| Owner Occupied HU | 8,370 (55.1%) |
| Renter Occupied HU | 3,626 (23.9%) |
| Vacant Housing Units | 3,204 (21.1%) |
| Median Home Value | $381,523 |
| Average Home Value | $429,357 |
Housing Distribution
Address Breakdown
Residential
13,430
Single Family
10,722
Multi-Family
2,708
Businesses
1,290
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Listed by: N/A • N/A
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