6584 W Laketowne DrAlbertvilleMN55301
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 Albertville at 6584 W Laketowne Dr, Albertville, MN, 55301 generates $3,289/mo in rent, after a $2,682/mo payment. Total monthly income is $3,289/mo. Return on cash invested sits at 19.18% in year one, and rental yield is 7.2% on a $548,000 entry. Equity gained on principal adds $3,536/yr, while 5% annual appreciation builds toward $151,402 over five years. Five-year ROI reaches 98.97% and total cumulative return in cash sums $178,434. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,289/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55301, Albertville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,117 (100%) |
| Owner Occupied HU | 4,068 (79.5%) |
| Renter Occupied HU | 797 (15.6%) |
| Vacant Housing Units | 252 ( 4.9%) |
| Median Home Value | $358,720 |
| Average Home Value | $371,713 |
Housing Distribution
Address Breakdown
Residential
4,772
Single Family
4,492
Multi-Family
280
Businesses
315
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dean Zachman-Zachman Realty Group • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002952