101 3rd Ave SEMelroseMN56352
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 101 3rd Ave SE, Melrose, MN, 56352 in Melrose: $1,075/mo in rent, $264/mo in net income, 9.93% gross yield, 1.84 DSCR, all at $129,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $35,889 in appreciation and $1,196/yr in principal paydown projects total cumulative return of $66,308.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 5.5% |
| Monthly Cash Flow | $264 | $950 |
City averages based on Melrose market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,075 |
| Total Monthly Debt Service | $759 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1940
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56352, Melrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,693 (69.7%) |
| Renter Occupied HU | 509 (21.0%) |
| Vacant Housing Units | 226 ( 9.3%) |
| Median Home Value | $323,153 |
| Average Home Value | $382,620 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
1,954
Multi-Family
235
Businesses
146
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 1940
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56352, Melrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,693 (69.7%) |
| Renter Occupied HU | 509 (21.0%) |
| Vacant Housing Units | 226 ( 9.3%) |
| Median Home Value | $323,153 |
| Average Home Value | $382,620 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
1,954
Multi-Family
235
Businesses
146
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices