651 Midland AveAlbanyMN56307
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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 Albany at 651 Midland Ave, Albany, MN, 56307 at $125,000 posts ROI 24.61% with $162/mo cash flow from $943/mo rent. Total monthly income equals $943/mo, and annual cash flow records $1,947/yr on $41,438 to close. Return on cash invested measures 24.61% and rental yield reads 9.05% at the current $125,000. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 by year five. Five-year ROI prints 128.21% and total cumulative return in cash totals $53,129.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $943/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
10,454 sqft 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
No similar price properties found nearby.