1009 3rd AveGoodhueMN55027
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 1009 3rd Ave, Goodhue, MN, 55027 in Goodhue is a conservative rental investment at $399,900. Rental yield 6.52%. A 1.21 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $110,485; $3,683/yr in principal paydown supplements. Total projected return: $130,993.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 6.2% |
| Monthly Cash Flow | $(323) | $350 |
City averages based on Goodhue market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,174 |
| Total Monthly Debt Service | $2,338 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55027, Goodhue, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 948 (81.9%) |
| Renter Occupied HU | 148 (12.8%) |
| Vacant Housing Units | 61 ( 5.3%) |
| Median Home Value | $384,956 |
| Average Home Value | $457,097 |
Housing Distribution
Address Breakdown
Residential
1,069
Single Family
1,028
Multi-Family
41
Businesses
59
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
Single Family
Built in 2024
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55027, Goodhue, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 948 (81.9%) |
| Renter Occupied HU | 148 (12.8%) |
| Vacant Housing Units | 61 ( 5.3%) |
| Median Home Value | $384,956 |
| Average Home Value | $457,097 |
Housing Distribution
Address Breakdown
Residential
1,069
Single Family
1,028
Multi-Family
41
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices