10 9th Ave NWOronocoMN55960
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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 Oronoco at 10 9th Ave NW, Oronoco, MN, 55960 priced at $344,100 converts $1,867/mo rent into after a $1,684/mo obligation. Total monthly income equals $1,867/mo. Return on cash invested prints 16.95% in year one, and rental yield reads 6.51% against a $344,100 entry. Equity gained on principal adds $2,220/yr, while 5% annual appreciation compiles into $95,068 by year five. Five-year ROI reaches 87.04% and total cumulative return in cash sums $99,285. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,867/mo property income covering a $1,684/mo payment, not borrower’s personal income.
Single Family
Built in 1954
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55960, Oronoco, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,689 (100%) |
| Owner Occupied HU | 1,478 (87.5%) |
| Renter Occupied HU | 128 ( 7.6%) |
| Vacant Housing Units | 83 ( 4.9%) |
| Median Home Value | $560,640 |
| Average Home Value | $590,575 |
Housing Distribution
Address Breakdown
Residential
1,381
Single Family
1,163
Multi-Family
218
Businesses
51
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