102 Robert St SClarissaMN56440
INVESTMENT ANALYSIS
Investment Verdict
Solid Income102 Robert St S, Clarissa, MN, 56440 in Clarissa earns a respectable 9.15% gross yield at $129,000, but after the $580/mo mortgage the net cash flow is $178/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.70) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $35,640 over five years, making equity the dominant return driver. Total projected return: $60,432.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.5% |
| Monthly Cash Flow | $178 | $500 |
City averages based on Clarissa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $984 |
| Total Monthly Debt Service | $754 |
| DSCR Ratio | 1.30x |
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 1903
5,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56440, Clarissa, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 571 (100%) |
| Owner Occupied HU | 408 (71.5%) |
| Renter Occupied HU | 94 (16.5%) |
| Vacant Housing Units | 69 (12.1%) |
| Median Home Value | $218,966 |
| Average Home Value | $273,217 |
Housing Distribution
Address Breakdown
Residential
343
Single Family
298
Multi-Family
45
Businesses
29
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 1903
5,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56440, Clarissa, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 571 (100%) |
| Owner Occupied HU | 408 (71.5%) |
| Renter Occupied HU | 94 (16.5%) |
| Vacant Housing Units | 69 (12.1%) |
| Median Home Value | $218,966 |
| Average Home Value | $273,217 |
Housing Distribution
Address Breakdown
Residential
343
Single Family
298
Multi-Family
45
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices