515 Pleasant AveAlbert LeaMN56007
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 Albert Lea at 515 Pleasant Ave, Albert Lea, MN, 56007 at $119,900 posts ROI 27.04% with $236/mo cash flow from $985/mo rent. Total monthly income equals $985/mo, and annual cash flow records $2,834/yr on $39,747 to close. Return on cash invested measures 27.04% and rental yield reads 9.86% at the current $119,900. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 by year five. Five-year ROI prints 141.23% and total cumulative return in cash totals $56,136.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $985/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56007, Albert Lea, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,809 (100%) |
| Owner Occupied HU | 6,318 (64.4%) |
| Renter Occupied HU | 2,698 (27.5%) |
| Vacant Housing Units | 793 ( 8.1%) |
| Median Home Value | $183,496 |
| Average Home Value | $231,635 |
Housing Distribution
Address Breakdown
Residential
9,333
Single Family
8,163
Multi-Family
1,170
Businesses
806
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua Harmdierks • Unique Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6701038
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