1008 8th Ave NWAustinMN55912
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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 Austin at 1008 8th Ave NW, Austin, MN, 55912 earns $762/mo cash flow from $2,988/mo rent with a $1,745/mo payment. Total monthly income totals $2,988/mo, and annual cash flow totals $9,139/yr on $118,213 capital. ROI tracks 27.64% on current figures, and rental yield reads 10.05% at a $356,600 purchase. Equity gained on principal adds $2,301/yr, and 5% annual appreciation supports $98,522 over five years. Five-year ROI reaches 144.39% and total cumulative return in cash sums $170,686. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,988/mo property income instead of your personal income.
Single Family
Built in 1939
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55912, Austin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,710 (100%) |
| Owner Occupied HU | 8,151 (64.1%) |
| Renter Occupied HU | 3,642 (28.7%) |
| Vacant Housing Units | 917 ( 7.2%) |
| Median Home Value | $198,527 |
| Average Home Value | $258,502 |
Housing Distribution
Address Breakdown
Residential
12,261
Single Family
10,599
Multi-Family
1,662
Businesses
835
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