3610 N Nokomis NE APT 401AlexandriaMN56308
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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 3610 N Nokomis NE APT 401, Alexandria, MN, 56308 offers a 5.73% rental yield on a $498,500 purchase with $2,381/mo rent. 59% in year one. Equity gained on principal adds $3,217/yr while 5% annual appreciation supports $137,726 over five years. Portfolio math shows five-year ROI at 74.43% and total cumulative return in cash at $123,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,381/mo property income against a $2,440/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1976
4.22 Acres 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: Eloise P Cavers • Century 21 First Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6696070