717 Minnesota 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
Rental property for sale in Albert Lea at 717 Minnesota Ave, Albert Lea, MN, 56007 priced at $115,000 converts $1,110/mo rent into $392/mo cash flow after a $563/mo obligation. Total monthly income equals $1,110/mo, and annual cash flow totals $4,701/yr on $38,123 invested. Return on cash invested prints 32.24% in year one, and rental yield reads 11.58% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 169.09% and total cumulative return in cash sums $64,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,110/mo property income covering a $563/mo payment, not borrower’s personal income.
Multi Family
Built in 1916
6,011 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: Daniel Raygor • Keller Williams Premier Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6826490