1010 3rd StFarmingtonMN55024
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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 Farmington at 1010 3rd St, Farmington, MN, 55024 generates $2,258/mo in rent and, after a $1,566/mo payment, leaves $228/mo in cash flow. Total monthly income is $2,258/mo, and annual cash flow is $2,741/yr on $106,047 invested. Return on cash invested sits at 22.49% in year one, and rental yield is 8.47% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 116.92% and total cumulative return in cash sums $123,992. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,258/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lucas Hansen • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6738225
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