322 9th Ave EAlexandriaMN56308
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 Alexandria at 322 9th Ave E, Alexandria, MN, 56308 offers a 14.11% rental yield on a $152,900 purchase with $1,798/mo rent. Total monthly income registers $1,798/mo, and a $748/mo payment leaves $833/mo available for distribution. Annual cash flow reaches $9,992/yr on $50,686 to close, and return on cash invested stands at 39.62% in year one. Equity gained on principal adds $987/yr while 5% annual appreciation supports $42,243 over five years. Portfolio math shows five-year ROI at 208.73% and total cumulative return in cash at $105,796. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,798/mo property income against a $748/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
8,276 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: Jeffrey Hagel • BEX Realty, LLC
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6614686
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