38739 County Road 10AlbanyMN56307
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.49% gross rental yield, 38739 County Road 10, Albany, MN, 56307 in Albany is priced for capital growth, not immediate cash flow. The $624,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $172,648 by year five, with $5,755/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.02) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $170,125.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 7.0% |
| Monthly Cash Flow | $(1,041) | $200 |
City averages based on Albany market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,861 |
| Total Monthly Debt Service | $3,654 |
| DSCR Ratio | 0.78x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1983
9.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56307, Albany, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,115 (100%) |
| Owner Occupied HU | 1,640 (77.5%) |
| Renter Occupied HU | 377 (17.8%) |
| Vacant Housing Units | 98 ( 4.6%) |
| Median Home Value | $376,432 |
| Average Home Value | $472,944 |
Housing Distribution
Address Breakdown
Residential
1,873
Single Family
1,793
Multi-Family
80
Businesses
151
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
Single Family
Built in 1983
9.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56307, Albany, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,115 (100%) |
| Owner Occupied HU | 1,640 (77.5%) |
| Renter Occupied HU | 377 (17.8%) |
| Vacant Housing Units | 98 ( 4.6%) |
| Median Home Value | $376,432 |
| Average Home Value | $472,944 |
Housing Distribution
Address Breakdown
Residential
1,873
Single Family
1,793
Multi-Family
80
Businesses
151
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices