208 Powers Ave NAldenMN56009
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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 Alden at 208 Powers Ave N, Alden, MN, 56009 offers $1,748/mo rent that, after a $929/mo payment, leaves $563/mo cash flow. Total monthly income is $1,748/mo, and annual cash flow is $6,752/yr on $62,952 cash. Return on cash invested measures 30.63% in year one, and rental yield stands at 11.05% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 160.45% and total cumulative return in cash reaches $101,009. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,748/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56009, Alden, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 659 (100%) |
| Owner Occupied HU | 513 (77.8%) |
| Renter Occupied HU | 84 (12.7%) |
| Vacant Housing Units | 62 ( 9.4%) |
| Median Home Value | $231,494 |
| Average Home Value | $306,165 |
Housing Distribution
Address Breakdown
Residential
634
Single Family
634
Multi-Family
0
Businesses
27
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