1013 3rd St SWRiceMN56367
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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 Rice at 1013 3rd St SW, Rice, MN, 56367 offers a 7.67% rental yield on a $319,900 purchase with $2,046/mo rent. Total monthly income registers $2,046/mo, and a $1,566/mo payment leaves $48/mo available for distribution. Annual cash flow reaches $578/yr on $106,047 to close, and return on cash invested stands at 20.45% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 105.88% and total cumulative return in cash at $112,280. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,046/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56367, Rice, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,949 (100%) |
| Owner Occupied HU | 2,545 (86.3%) |
| Renter Occupied HU | 240 ( 8.1%) |
| Vacant Housing Units | 164 ( 5.6%) |
| Median Home Value | $321,788 |
| Average Home Value | $368,863 |
Housing Distribution
Address Breakdown
Residential
2,781
Single Family
2,712
Multi-Family
69
Businesses
125
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