611 Ulstad 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
Investment property for sale in Albert Lea at 611 Ulstad Ave, Albert Lea, MN, 56007 with 5% annual appreciation on a $119,900 basis while $951/mo rent supports operations. Total monthly income totals $951/mo and a $587/mo payment preserves $202/mo for cash returns. Annual cash flow comes to $2,426/yr on $39,747 deployed, and return on cash invested reaches 26.01% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,126 alongside rental yield of 9.52%. Five-year ROI measures 135.74% and total cumulative return in cash totals $53,952.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $951/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1941
6,098 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: Alyssa Dale • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821338