1017 3rd St NSaint JamesMN56081
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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 Saint James at 1017 3rd St N, Saint James, MN, 56081 generates $1,894/mo in rent and, after a $1,368/mo payment, leaves $149/mo in cash flow. Total monthly income is $1,894/mo, and annual cash flow is $1,784/yr on $92,654 invested. Return on cash invested sits at 21.83% in year one, and rental yield is 8.13% on a $279,500 entry. Equity gained on principal adds $1,804/yr, while 5% annual appreciation builds toward $77,221 over five years. Five-year ROI reaches 113.24% and total cumulative return in cash sums $104,924. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,894/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56081, Saint James, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,704 (100%) |
| Owner Occupied HU | 1,805 (66.8%) |
| Renter Occupied HU | 671 (24.8%) |
| Vacant Housing Units | 228 ( 8.4%) |
| Median Home Value | $173,364 |
| Average Home Value | $216,896 |
Housing Distribution
Address Breakdown
Residential
2,449
Single Family
2,143
Multi-Family
306
Businesses
176
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Listed by: Gary Sturm • Mayberry Realty
Mls Name: RASM
Mls Provider:
Mls ID: #7037015
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-03-31 10:31:29 PDT