516 Freeborn AveAlbert LeaMN56007
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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
Rental property for sale in Albert Lea at 516 Freeborn Ave, Albert Lea, MN, 56007 offers $1,199/mo rent that, after a $758/mo payment, leaves $232/mo cash flow. Total monthly income is $1,199/mo, and annual cash flow is $2,783/yr on $51,349 cash. Return on cash invested measures 25.33% in year one, and rental yield stands at 9.29% at a $154,900 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,796 by year five. Five-year ROI records 131.96% and total cumulative return in cash reaches $67,760. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,199/mo property income versus a $758/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
5,662 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
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Listed by: N/A • N/A
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