521 5th Ave EAlexandriaMN56308
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
Rental property for sale in Alexandria at 521 5th Ave E, Alexandria, MN, 56308 offers $1,292/mo rent that, after a $817/mo payment, leaves $250/mo cash flow. Total monthly income is $1,292/mo, and annual cash flow is $2,996/yr on $55,327 cash. Return on cash invested measures 25.32% in year one, and rental yield stands at 9.29% at a $166,900 entry. Equity gained on principal adds $1,077/yr while 5% annual appreciation compounds into $46,111 by year five. Five-year ROI records 131.97% and total cumulative return in cash reaches $73,016. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,292/mo property income versus a $817/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Justice • ALO Realty Advisors
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6766195