102 W 2nd StGracevilleMN56240
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 102 W 2nd St, Graceville, MN, 56240 in Graceville. Rental yield 6.35%. The 1.18 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $179,307 and $5,977/yr in principal reduction project total return of $206,455.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 5.0% |
| Monthly Cash Flow | $(618) | $350 |
City averages based on Graceville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,434 |
| Total Monthly Debt Service | $3,794 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2004
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56240, Graceville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 419 (100%) |
| Owner Occupied HU | 285 (68.0%) |
| Renter Occupied HU | 71 (16.9%) |
| Vacant Housing Units | 63 (15.0%) |
| Median Home Value | $150,403 |
| Average Home Value | $203,404 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
229
Multi-Family
49
Businesses
38
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 2004
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56240, Graceville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 419 (100%) |
| Owner Occupied HU | 285 (68.0%) |
| Renter Occupied HU | 71 (16.9%) |
| Vacant Housing Units | 63 (15.0%) |
| Median Home Value | $150,403 |
| Average Home Value | $203,404 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
229
Multi-Family
49
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: My State MLS
Mls ID: #11842023