641 Forest AveAlbanyMN56307
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 Albany at 641 Forest Ave, Albany, MN, 56307 priced at $109,900 converts $858/mo rent into $172/mo cash flow after a $538/mo obligation. Total monthly income equals $858/mo, and annual cash flow totals $2,060/yr on $36,432 invested. Return on cash invested prints 25.56% in year one, and rental yield reads 9.37% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 133.28% and total cumulative return in cash sums $48,556. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $858/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56307, Albany, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,115 (100%) |
| Owner Occupied HU | 1,640 (77.5%) |
| Renter Occupied HU | 377 (17.8%) |
| Vacant Housing Units | 98 ( 4.6%) |
| Median Home Value | $376,432 |
| Average Home Value | $472,944 |
Housing Distribution
Address Breakdown
Residential
1,873
Single Family
1,793
Multi-Family
80
Businesses
151
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices