410 10th Ave EAlexandriaMN56308
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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 410 10th Ave E, Alexandria, MN, 56308 uses $49,692 cash to close to unlock $7,100/yr annual cash flow and $592/mo monthly cash flow. Total monthly income runs $1,528/mo, and a $734/mo payment keeps the spread at $592/mo. Purchase price stands at $149,900, and rental yield measures 12.23% with $1,528/mo rent. Return on cash invested shows 34.2% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 179.54% and total cumulative return in cash records $89,219. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,528/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in 1947
5,662 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: Rebecca Wesley • Kvale Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6797917