24372 680th AveAldenMN56009
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 Alden at 24372 680th Ave, Alden, MN, 56009 uses $149,175 cash to close to unlock $6,534/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $3,355/mo, and a $2,203/mo payment keeps the spread at $545/mo. Purchase price stands at $450,000, and rental yield measures 8.95% with $3,355/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 126.41% and total cumulative return in cash records $188,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,355/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 2020
10 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices