918 Clausen 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
Investment property for sale in Albert Lea at 918 Clausen Ave, Albert Lea, MN, 56007 uses $54,698 cash to close to unlock $2,931/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,275/mo, and a $808/mo payment keeps the spread at $244/mo. Purchase price stands at $165,000, and rental yield measures 9.27% with $1,275/mo rent. Return on cash invested shows 25.27% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 131.74% and total cumulative return in cash records $72,059. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,275/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1946
6,534 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: Pamela Schmidt • Coldwell Banker River Valley, REALTORS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6823721