22 Willimantic Dr NWAlexandriaMN56308
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
Rental property for sale in Alexandria at 22 Willimantic Dr NW, Alexandria, MN, 56308 priced at $645,000 converts $2,760/mo rent into after a $3,157/mo obligation. Total monthly income equals $2,760/mo. Return on cash invested prints 12.82% in year one, and rental yield reads 5.13% against a $645,000 entry. Equity gained on principal adds $4,162/yr, while 5% annual appreciation compiles into $178,202 by year five. Five-year ROI reaches 64.87% and total cumulative return in cash sums $137,656. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $3,157/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.46 Acres lot
$N/A/sqft
$160 annually 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: John Vogeler • RE/MAX Dynamic Agents
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6567450
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