824 Janes Circle Dr SWAlexandriaMN56308
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 Alexandria at 824 Janes Circle Dr SW, Alexandria, MN, 56308 priced at $329,000 pairs $2,153/mo rent with $99/mo cash flow after a $1,610/mo payment. Total monthly income equals $2,153/mo, and annual cash flow comes to $1,186/yr on $109,064 invested. Return on cash invested is 21% in year one, and rental yield stands at 7.85% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 108.74% and total cumulative return in cash reaches $118,593. For financing, Ziffy Mortgage’s DSCR program evaluates $2,153/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56308, Alexandria, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,200 (100%) |
| Owner Occupied HU | 8,370 (55.1%) |
| Renter Occupied HU | 3,626 (23.9%) |
| Vacant Housing Units | 3,204 (21.1%) |
| Median Home Value | $381,523 |
| Average Home Value | $429,357 |
Housing Distribution
Address Breakdown
Residential
13,430
Single Family
10,722
Multi-Family
2,708
Businesses
1,290
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Listed by: Jodi Rehovsky • Century 21 First Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6694246
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